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Fly News Breaks for July 20, 2017
EPE
Jul 20, 2017 | 07:17 EDT
RBC Capital analyst Scott Hanold downgraded EP Energy to Sector Perform and lowered his price target for the shares to $4.50 from $7. Oil prices will likely average between $50-$55 per barrel through 2019, which will constrain the company's growth, Hanold tells investors in a research note. The analyst believes EP Energy has "ample liquidity," however.
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