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Fly News Breaks for July 8, 2019
COG
Jul 8, 2019 | 07:14 EDT
As previously reported, Wells Fargo analyst Nitin Kumar upgraded Cabot Oil & Gas to Outperform from Market Perform, with a $28 price target, given the focus on gas. The analyst believes the company is more immune to oil price volatility and that it has long embraced the strategy of curtailing activity to increase shareholder capital return. With upside in near-term gas prices into the winter, Kumar expects shares to outperform.
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