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Fly News Breaks for April 4, 2016
CVX
Apr 4, 2016 | 07:31 EDT
Jefferies analyst Jason Gammel says Chevron his firm's top pick in the Integrated Oil sector. The company is positioned to generate the highest organic production growth in the space and its free cash flow generation should "improve significantly" through 2018, Gammel tells investors in a research note. He believes Chevron can fund its dividend with free cash flow with a Brent oil price as low as $50 per barrel. The analyst keeps a Buy rating on the stock with a $110 price target.
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