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Fly News Breaks for April 26, 2018
HES
Apr 26, 2018 | 07:53 EDT
KLR Group analyst John Gerdes downgraded Hess Corp. to Hold from Buy following the stock's nearly 40% advance since early February, stating that he now thinks the value of Guyana Phase 1 and 2 is largely reflected in stock price. Citing year-to-date share repurchases and slightly higher oil price realizations, Gerdes raised his price target on Hess to $64 from $63.
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