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Fly News Breaks for August 4, 2017
WLB
Aug 4, 2017 | 08:18 EDT
As noted earlier, BMO Capital downgraded Westmoreland to Market Perform from Outperform. Analyst David Gagliano downgraded the stock after the company missed Q2 expectations and cut its full-year EBITDA guidance. The analyst says that ,given the company's high debt load, " even small reductions in EBITDA cuts deeply into the equity component of the enterprise value." Target to $5 from $18.
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