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Fly News Breaks for August 26, 2019
APA
Aug 26, 2019 | 08:36 EDT
Citi analyst Brian Downey lowered his price target for Apache to $22 from $35 citing the company's reduced production outlook and operational uncertainties. The analyst believes Apache is on the right path with its portfolio optimization efforts, but he continues to see better opportunities elsewhere within the Exploration and Production group. As such, Downey keeps a Neutral rating on Apache.