JPMorgan Downgrades Sprague Resources (SRLP) to Underweight
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Price: $20.00 --0%
Rating Summary:
2 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 3
Rating Summary:
2 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 3
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JPMorgan downgraded Sprague Resources (NYSE: SRLP) from Neutral to Underweight with a price target of $25.00 (from $27.00).
Analyst Andrew Burd cites YTD outperformance for the downgrade. The analyst says the key concern centers on 2019 distribution growth guidance.
For an analyst ratings summary and ratings history on Sprague Resources click here. For more ratings news on Sprague Resources click here.
Shares of Sprague Resources closed at $23.75 yesterday.
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