RBC Capital Downgrades American Midstream (AMID) to Sector Perform

RBC Capital downgraded American Midstream (NYSE: AMID) from Outperform to Sector Perform with a price target of $14.00 (from $18.00).

Analyst TJ Schultz says the current asset portfolio will not help the company achieve 2017 targets noting the company has "leaned more heavily on sponsor support." The analyst believes management is experienced and has a positive view on the team but says visibility regarding achieving targets is limited.

For an analyst ratings summary and ratings history on American Midstream click here. For more ratings news on American Midstream click here.

Shares of American Midstream closed at $13.15 Friday.

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