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Fly News Breaks for December 6, 2018
APA
Dec 6, 2018 | 07:22 EDT
Stephens analysts Gail Nicholson and Drew Lipke began coverage of the E&P sector with a positive outlook, citing what they view as attractive valuations, management teams' focus on increasing shareholder returns, and their positive outlook on WTI prices in 2019 and 2020. They started Apache with an Overweight rating and $50 price target.