Salient MLP Lowered to Hold at Stifel (SMF)
Salient MLP (NYSE:SMF) traded down 3.85% on Tuesday, hitting $31.71. The stock had a trading volume of 80,130 shares. Salient MLP has a one year low of $25.50 and a one year high of $33.18. The stock’s 50-day moving average is $31.23 and its 200-day moving average is $28.94.
Separately, analysts at Stifel Nicolaus downgraded shares of Salient MLP from a “buy” rating to a “hold” rating in a research note on Tuesday. They now have a $30.00 price target on the stock.
Salient MLP and Energy Infrastructure Fund (NYSE:SMF), is an organized, non-diversified, closed-end management investment company.
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