Fly News Breaks for August 31, 2018
Aug 31, 2018 | 08:05 EDT
Wells Fargo analyst Gordon Douthat downgraded Gastar Exploration to Underperform from Market Perform with a $0 price target and subsequently dropped coverage of the name. Gastar's ongoing pursuit of strategic alternatives, which could include chapter 11 bankruptcy filing, casts doubt on the company's ability to remain a going concern, Douthat tells investors in a research note.
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