Summit Midstream Partners (SMLP) Misses Q2 EPS by 91c

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Go back to Summit Midstream Partners (SMLP) Misses Q2 EPS by 91c

Credit Suisse Upgrades Summit Midstream Partners, LP (SMLP) to Outperform

August 8, 2016 6:16 AM EDT

Credit Suisse upgraded Summit Midstream Partners, LP (NYSE: SMLP) from Neutral to Outperform with a price target of $30.00 (from $27.00), saying more growth is coming.

Analyst John Edwards commented, "SMLP's updated 2016 EBITDA guidance midpoint of $280mm was 6% above 2016 Street estimates (as of 8/4). Given... More