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Fly News Breaks for May 22, 2018
COG
May 22, 2018 | 16:50 EDT
Stifel analyst Jane Trotsenko resumed Cabot Oil with a Hold rating and a price target of $22, saying she sees "blue skies" for the company's production growth outlook in the short term as the Northeast Pennsylvania region "debottlenecks" in 2018-19 and other companies shift their focus elsewhere. The analyst further notes that the company's 3-year production outlook may prove to be conservative, but longer-term, production growth may depend on acquisition of new pipeline projects or out-of-basin acquisitions.
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