UPDATE: Citi Downgrades Enduro Royalty Trust

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According to a research report published this morning, Citi has downgraded Enduro Royalty Trust (NYSE: NDRO) from Buy to Hold.In the report, Citi said, "The change to our investment rating reflects our view that: 1) the potential for modest organic production growth is mostly priced into the units, and 2) weak natural gas prices are leading to lower cash flow generation and limited organic growth development opportunities. At this point, there is no change to our 12 month target price of $22.00 per unit."Citi maintains its $22 PT on Enduro Royalty Trust, which closed yesterday at $21.

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