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Fly News Breaks for January 24, 2017
CVE
Jan 24, 2017 | 07:52 EDT
Macquarie analyst Brian Bagnelli downgraded Cenovus Energy to Underperform and lowered its price target to C$17.50 from C$23.00. The analyst said Cenovus' production growth over the next 5 years is at the lower end of the peer group and its deep oil sand inventory is unlikely to boost share performance.