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Fly News Breaks for September 21, 2017
APC
Sep 21, 2017 | 17:43 EDT
MUFG analyst Michael McAllister said in a research note that Anadarko's authorization of a $2.5B share repurchase program, with a year-end goal of executing $1B of the program, signals that Anadarko feels it is "nearing an inflection point where they can start manufacturing free cash flows either next year or in 2019." McAllister reaffirmed his Overweight rating and maintained his $66 price target on Anadarko shares.
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