Seeking Alpha

American Midstream +2.5% as Barclays starts at Overweight

  • American Midstream Partners (AMID +2.5%) is initiated with an Overweight rating and $29 price target at Barclays, which likes the series of large, strategic and ultimately transformational changes the company has executed over the past 12 months that improve its financial and strategic stability and position.
  • Completed acquisitions and drops have successfully diversified AMID into liquids storage and established its gathering footprint in the Eagle Ford shale, the firm says.
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