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Fly News Breaks for January 4, 2019
HK
Jan 4, 2019 | 08:42 EDT
BofA/Merrill Lynch analysts led by Doug Leggate downgraded a number of U.S. Oil and Gas stocks, citing moderating growth and eroding cash margins among the small-to-mid cap names. Balance sheets remain a key area of investor focus, said the team, citing the balance sheet of Halcon Resources in their downgrade of the stock to Underperform from Neutral. Leggate and the team lowered their price target on Halcon shares to $2.50 from $5.00.
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