Ferrellgas Partners (FGP) Misses Q3 EPS by 32c

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UBS Downgrades Ferrellgas Partners LP (FGP) to Sell

June 10, 2016 7:54 AM EDT

UBS downgraded Ferrellgas Partners LP (NYSE: FGP) from Neutral to Sell with a price target of $15.00 (from $17.00).

Analyst Shneur Gershuni commented, "In its 10Q, FGP noted the possibility that one of its customer's, Jamex, may be unable to fulfil its crude sourcing commitments and payment... More