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Fly News Breaks for February 26, 2019
HK
Feb 26, 2019 | 05:05 EDT
Imperial Capital analyst Jason Wangler downgraded Halcon Resources to In-Line and lowered his price target for the shares to $2 from $3. The analyst sees uncertainty of leadership and future strategy following last week's announced management changes. Further, it will be difficult for Halcon to balance its cash burn and balance sheet with its operational needs, adds the analyst.
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