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Fly News Breaks for April 9, 2019
CRZO
Apr 9, 2019 | 06:46 EDT
Cowen analyst Gabe Daoud, Jr. initiated Carrizo Oil & Gas with a Market Perform rating and $16 price target, saying Carrizo has transformed the portfolio through divestitures of non-core assets and two complementary acquisitions in the Delaware Basin. While the analyst tells investors in a research note that he likes the streamlined portfolio, he sees better opportunity for free cash flow among small-mid caps.
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