Summit Midstream says COO Casadaban to depart Summit Midstream Partners announced that its COO, Rene Casadaban, will be leaving the company to "pursue other interests." Casadaban will continue his employment with the company until September 30 to help transition his duties.
Summit Midstream downgraded Neutral at Baird As reported previously, Baird downgraded Summit Midstream to Neutral from Outperform. The firm cited a "fleeing cost of capital" and a slower than anticipated development cycle of its to-be-dropped assets. Baird lowered its price target to $26 from $39 on Summit Midstream shares.