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Fly News Breaks for January 5, 2016
APA
Jan 5, 2016 | 07:59 EDT
As previously reported, BofA/Merrill downgraded Apache to Underperform from Neutral and lowered its price target on shares to $54 from $55. Analyst Doug Leggate views Apache's relative valuation as unattractive based on the current strop price and sees better value elsewhere in the group.
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