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Fly News Breaks for January 17, 2017
RDS.A, MRO, CVX, E
Jan 17, 2017 | 07:36 EDT
Jefferies analyst Jason Gammel upgraded Eni SpA (E) to Buy from Hold, calling the stock one of the best plays on this momentum in the integrated oil sector, whose fundamental conditions he sees as arguably the most favorable since 2012. The analyst, who raised his price target on Eni to EUR 18, also sees Chevron (CVX), Marathon Oil (MRO) and Shell (RDS.A) as well positioned given the improved conditions for the integrated oil sector.
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