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Fly News Breaks for October 29, 2018
CRZO
Oct 29, 2018 | 11:02 EDT
IFS Securities analyst Eli Kantor started Carrizo Oil & Gas with an Outperform rating and $22 price target. The company trades at a relative multiple discount to peers due to its below average inventory level, Kantor tells investors in a research note. The analyst, however, believes Carrizo's free cash flow and borrowing base increases should enable it to narrow the inventory gap "without further dilution."
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