Atlas Energy downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs downgraded Atlas Energy (AESI) to Neutral from Buy with a price target of $21, down from $23. The firm believes shares are fairly valued at current levels following year-to-date outperformance, the analyst tells investors in a research note. While management noted the potential for incremental growth projects with the Q3 earnings call, the firm believes the more immediate catalysts in the near-term have played out.