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Fly News Breaks for May 17, 2018
CRC
May 17, 2018 | 05:10 EDT
Imperial Capital analyst Jason Wangler raised his price target for California Resources to $41 saying oil price strength continues to indicate higher cash flows for the company. Increased cash flows from favorable production and higher oil prices provide optionality for the company as it looks to add production and reduce debt, Wangler tells investors in a research note. He keeps an Outperform rating on the shares.
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CRC
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