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Fly News Breaks for May 5, 2017
HES
May 5, 2017 | 07:46 EDT
As noted earlier, Wells Fargo upgraded Hess to Outperform from Market Perform. The firm upgraded the stock based on what it sees as Hess' "growth potential, (strong) operating cost performance, balance sheet strength, exploration upside and current discounted valuation." Wells expects the company to grow at a compound annual rate of 4.9% through 2019. Target $57-$59.
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