Genesis Energy (GEL) Misses Q3 EPS by 5c

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Credit Suisse Downgrades Genesis Energy LP (GEL) to Neutral

November 4, 2016 6:51 AM EDT

Credit Suisse downgraded Genesis Energy LP (NYSE: GEL) from Outperform to Neutral with a price target of $40.00 (from $47.00) on cautious outlook and quarterly miss.

Analyst John Edwards commented, "GEL's 3Q EBITDA came in lower relative to the Street's estimates on back of lower than... More