Shell Midstream Partners, L.P. 3rd Quarter 2016 Unaudited Results

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UBS Cuts Price Target on Shell Midstream Partners (SHLX) to $47

November 7, 2016 8:28 AM UTC

UBS maintained a Buy rating on Shell Midstream Partners, L.P. (NYSE: SHLX), and cut the price target to $47.00 (from $49.00), following the company's 3Q earnings report. SHLX reported Adj EBITDA of $68MM, well below estimates of $87mm and the $77mm reported in 2Q16.

Analyst Shneur... More