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Fly News Breaks for November 15, 2018
APA
Nov 15, 2018 | 08:52 EDT
Jefferies analyst Mark Lear lowered his price target for Apache to $31 citing the following the recent natural gas liquids strip sell-off and the increase in 2018 capital expenditures. The analyst says that while Apache's 40M share buyback was a surprise, he struggles to see how that and a $1B outspend will be funded. He keeps an Underperform rating on Apache shares.
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