American Midstream Partners, LP stated a 1780 loss of shares from 30 June - 15 July 鈥� a 2.8% of short interest.
As a result, Zacks upgraded American鈥檚 shares from a strong sell rating to a hold rating.
Zacks stated: 鈥淎merican Midstream Partners owns, operates, develops and acquire a diversified portfolio of natural gas midstream energy assets. Its primary assets 鈥� located in Alabama, Louisiana, Mississippi, Tennessee and Texas 鈥� provide an infrastructure that links producers and suppliers of natural gas to diverse natural gas markets, including various pipelines, as well as utility, industrial and other commercial customers.鈥�
Recently, other brokerages have upgraded their ratings 鈥� Wunderlich repeated their buy rating on American and TheStreet advanced their rating from sell to hold; the company now has an average hold rating and a consensus price target of US$20.33.
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