Fly News Breaks for February 26, 2020
Feb 26, 2020 | 06:33 EDT
Bernstein analyst Bob Brackett downgraded Kosmos to Market Perform from Outperform with a price target of $4, down from $9. In a research note to investors, Brackett says funding the implied capital program from organic sources looks challenging and he does not believe a detailed plan has been sufficiently disclosed. He adds that the lack of a clear LNG funding path combined with seemingly reactive strategic choices prevents him from giving management the benefit of the doubt on achieving the funding path.
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