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Fly News Breaks for May 10, 2018
EOG
May 10, 2018 | 07:10 EDT
BofA/Merrill upgraded EOG Resources to Buy from Neutral and raised its price target to $145 from $130. Analyst Doug Leggate expects a more robust oil price environment and for EOG's planned dividend growth to be at levels substantially ahead of 19% CAGR historically. The analyst believes EOG is poised to generate substantial free cashflow and sustained sector leading oil growth for the foreseeable future.
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EOG
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