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Fly News Breaks for May 23, 2017
CRZO
May 23, 2017 | 08:13 EDT
Baird analyst Daniel Katzenberg lowered his price target to $36 from $50 on Carrizo Oil & Gas citing the growing disconnect between net asset value and current trading levels. He noted the company continues to execute but he suspects investors are concerned the company may issue equity to increase the size of its Delaware footprint. Katzenberg maintained his Outperform rating on Carrizo Oil & Gas shares.
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