Ferrellgas Partners (FGP) Slashes Quarterly Dividend 80.5% to $0.10; 5.5% Yield
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UBS Cuts Price Target as Ferrellgas Partners (FGP) Cuts Distribution
November 23, 2016 11:26 AM ESTUBS 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
