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Stock Market & Financial Investment News

News Breaks
May 7, 2014
06:25 EDTLGCYLegacy Reserves upgraded to Outperform from Neutral at RW Baird
News For LGCY From The Last 14 Days
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August 20, 2015
10:00 EDTLGCYOn The Fly: Analyst Downgrade Summary
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05:36 EDTLGCYLegacy Reserves downgraded to Neutral from Buy at UBS
UBS downgraded Legacy Reserve (LGCY) to Neutral after after stress testing upstream MLPs to reflect scenarios in which oil remains depressed and recovery is limited. The firm expects MLPs that are better capitalized, well hedged and less levered to crude oil to outperform. It lowered its price target for shares to $5.50 from $14. UBS coupled the downgrade with an upgrade of Mid-Con Energy (MCEP) to Buy. Other Buy-rated upstream MLPs at the firm are Vanguard Natural (VNR), Memorial Production (MEMP) and Eagle Rock Energy (EROC). Sell-rated names are LINN Energy (LINE) and LinnCo (LNCO).

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