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Fly News Breaks for July 19, 2017
CVE
Jul 19, 2017 | 08:07 EDT
Morgan Stanley analyst Benny Wong downgraded Cenovus Energy to Equal Weight and lowered its price target to C$11 from C$16. The analyst sees risk to management's aggressive divestiture targets and already high leverage, widening Canadian heavy differentials, and higher break-even.
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