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Fly News Breaks for December 17, 2019
EC
Dec 17, 2019 | 06:16 EDT
Goldman Sachs analyst Bruno Amorim initiated coverage of Ecopetrol with a Sell rating and $18 price target. The analyst sees limited upside for the share price relative to its peers. Further, Ecopetrol will have to increase capital expenditures in 2020 and 2021, preventing free cash flow yield expansion, Amorim tells investors in a research note.
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