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Fly News Breaks for March 11, 2019
EOG
Mar 11, 2019 | 10:46 EDT
As previously reported, KeyBanc upgraded EOG Resources to Overweight from Sector Weight and established a $105 price target. Analyst Leo Mariani said EOG shares have "materially" underperformed in the past week due to relatively flat oil prices and a conservative 2019 outlook. Mariani views the pullback as "overdone" and expects 2019 oil production to be at the "very high end of guidance."