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Fly News Breaks for January 20, 2017
AXAS
Jan 20, 2017 | 07:11 EDT
As noted earlier, Stifel upgraded Abraxas Petroleum to Buy from Hold. Analyst Michael Scialla upgraded the stock based on what he sees as the company's "emerging..potential" in the Delaware Basin. He notes that the company plans to drill seven wells there this year, five more than it originally planned, and is looking to invest $15M to expand its footprint in the area. Target to $3.50 from $3.
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