Janney Montgomery Scott Downgrades Stonemor Partners (STON) to Neutral
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Stonemor Partners (STON) Set to Open Lower Following Distribution Cut
October 28, 2016 9:08 AM EDTStoneMor Partners L.P. (NYSE: STON) shares were poised to open lower Friday after it cut its distribution 50%.
Press Release:
StoneMor Partners L.P. (NYSE: STON) (StoneMor or the Partnership) today announced a quarterly cash distribution of $0.33 per common unit for the 3rd quarter 2016. This represents a reduction of 50% from the prior year 3rd quarter. Larry Miller, President and CEO of StoneMor, commented, As previously discussed, we are working to re-grow our sales force, increasing both its quality and size. To accomplish this, we have recently... More
Wunderlich Securities Downgrades Stonemor Partners (STON) to Hold
October 28, 2016 7:45 AM EDTWunderlich Securities downgraded Stonemor Partners (NYSE: STON) from Buy to Hold.
For an analyst ratings summary and ratings history on Stonemor Partners click here. For more ratings news on Stonemor Partners click here.
Shares of Stonemor Partners closed at $24.82 yesterday.
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