Fly News Breaks for May 3, 2019
May 3, 2019 | 16:53 EDT
MUFG analyst Barrett Blaschke lowered his price target on Noble Midstream to $49 after its Q1 earnings miss, also noting that the company narrowed it FY19 EBITDA guidance and reduced the top end of its FY19 discounted cash flow forecast. The analyst keeps his Overweight rating on the shares longer term, saying the company continues to offer "some of the best overall metrics with high coverage and distribution growth."
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