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Fly News Breaks for May 1, 2018
IMO
May 1, 2018 | 08:16 EDT
As previously reported, Morgan Stanley analyst Benny Wong upgraded Imperial Oil to Equal Weight from Underweight, as he believes the company's "aggressive buyback announcement" is an early sign of a positive strategy shift to potentially defer growth plans, optimize existing operations, and increase payouts. Wong raised his price target on Imperial Oil to $42 from $39.
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