Fly News Breaks for June 7, 2019
Jun 7, 2019 | 06:54 EDT
JPMorgan analyst Jeremy Tonet downgraded Noble Midstream Partners to Neutral from Overweight and lowered his price target for the shares to $41 from $48. The company's strategic review "injects uncertainty" and is complicated by its incentive distribution rights overhang, Tonet tells investors in a research note. The analyst sees the "real possibility that structural uncertainty persists for a period of time," weighing on the unit price.
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