Ferrellgas Partners, L.P. Declares First Quarter 2017 Cash Distribution

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Go back to Ferrellgas Partners, L.P. Declares First Quarter 2017 Cash Distribution

UBS Cuts Price Target as Ferrellgas Partners (FGP) Cuts Distribution

November 23, 2016 11:26 AM EST

UBS reiterated a Sell rating on Ferrellgas Partners LP (NYSE: FGP), and cut the price target to $5.00 (from $6.50), following the company's announced distribution cut. Based on current estimates, UBS believes that the roughly 80% distribution cut that FGP announced will allow it to remain in compliance... More