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Fly News Breaks for October 13, 2016
FCX, APC
Oct 13, 2016 | 05:53 EDT
Deutsche Bank analyst Ryan Todd upgraded Anadarko Petroleum (APC) to Buy saying the company's Freeport McMoRan (FCX) transaction is "highly attractive" and addressed his primary concerns around its funding profile, growth and leverage. The analyst believes Anadarko's U.S. onshore assets are "best-in-class." Todd keeps a $77 price target for the shares.
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