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Fly News Breaks for January 5, 2016
CLR
Jan 5, 2016 | 08:00 EDT
As previously reported, BofA/Merrill upgraded Continental Resources to Buy from Neutral and lowered its price target to $38 from $45 on shares. Analyst Doug Leggate views Continental's valuation as attractive relative to strip prices and said portfolio flexibility based on a shift towards the Oklahoma SCOOP/Stack will sustain production on lower spending levels while maintaining development options.
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