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Fly News Breaks for June 30, 2017
COG
Jun 30, 2017 | 07:32 EDT
BofA/Merrill analyst Doug Leggate upgraded Cabot Oil & Gas to Buy and raised its price target to $32 from $28. The analyst said Cabot 's gross Marcellus takeaway capacity will increase to 3.7 bcf/d from 2bcf/d by end of 2018 and positioned to increase free cash flow to $2B from $872M per year for 25 years.
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