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Fly News Breaks for February 8, 2018
APC
Feb 8, 2018 | 07:57 EDT
BMO Capital analyst Phillip Jungwirth raised his price target on Anadarko to $70 after the company's Q4 results showed a " disciplined growth strategy, significant free cash flow, and increased shareholder returns". The analyst notes that Anadarko's double-digit growth production rate and 3% free cash flow yield represent a differentiated value proposition while shares trade at a discount, keeping his Outperform rating.
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