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Fly News Breaks for February 6, 2019
APC
Feb 6, 2019 | 19:48 EDT
MUFG analyst Michael McAllister lowered his price target on Anadarko Petroleum to $70 after its Q4 production report missed consensus expectations. The analyst notes that sequential output growth of 6% in the Delaware basin marked a deceleration from the 16% annualized growth seen from Q4 of 2017 to Q3 of 2018. McAllister keeps his overweight rating on the shares, stating that the company has an "appropriate set of assets in their portfolio to achieve balance of growth and returns".
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