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Fly News Breaks for June 9, 2016
APA
Jun 9, 2016 | 08:08 EDT
After meeting with Apache's management, Bernstein thinks that the company is showing signs of emerging from its slump that began around five years ago. The firm says that the company is benefiting from conservative financial management, more efficient capital allocation, and operational improvements. Bernstein raised its price target on the stock to $64 from $54 and reiterates an Outperform rating.
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