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Fly News Breaks for October 24, 2019
CEO
Oct 24, 2019 | 21:13 EDT
Goldman Sachs analyst Mark Wiseman downgraded Cnooc to Neutral from Buy with a $185.50 price target. With much of the company's overseas growth projects now in development, its 5% three-year production growth profile is better understood by the market, Wiseman tells investors in a research note. The analyst cites Cnooc's rising capital spending and lower dividend prospects for the downgrade to Neutral.
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