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Barclays downgrades ‘show-me’ story Atlas Energy to Underweight

Barclays downgraded Atlas Energy (AESI) to Underweight from Equal Weight with a price target of $7, down from $11. Atlas Energy is a “show-me” story following a host of operational and guidance misses. The company now need to prove it can deliver on volumes and realize Dune Express’s full potential, the analyst tells investors in a research note. Barclays continues to have a cautious outlook on the U.S. onshore market for the next several quarters.

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