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Fly News Breaks for June 20, 2018
HK
Jun 20, 2018 | 05:19 EDT
Imperial Capital analyst Jason Wangler lowered his price target for Halcon Resources to $7 following the company's operations update. The company's plans to reduce its operated rig count to three from four should reduce cash burn but also impact its growth rate in the future given the lower activity level, Wangler tells investors in a research note. With his price target implying 72% upside, the analyst keeps an Outperform rating on Halcon.
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