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Fly News Breaks for January 12, 2016
CXO
Jan 12, 2016 | 05:53 EDT
Jefferies analyst Jonathan Wolff downgraded Concho Resources to Hold citing a "subdued growth outlook." Jefferies cut its Brent oil price assumptions to $43 per barrel from $61 in 2016, $57.75 per barrel from $73 in 2017 and $71.75 per barrel from $81 in 2018. Wolff has an $88 price target for Concho shares.
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