Stifel analyst Selman Akyol lowered the firm’s price target on USA Compression (USAC) to $27 from $28 and keeps a Hold rating on the shares. USA Compression posted Q1 results in line with the firm’s expectations, while it also pointed to more moderate growth in the near term with a focus on reducing leverage and a potential high-yield raise to refinance its debt, the analyst tells investors.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on USAC: