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Fly News Breaks for January 21, 2016
IOC
Jan 21, 2016 | 05:36 EDT
Goldman Sachs analyst Mark Wiseman upgraded InterOil Corp. to Buy with a $37.50 price target, which represents 68% potential upside from current share levels. The stock "now looks too cheap to ignore," Wiseman tells investors in a research note. InterOil's favorable recent drilling results should support a "sizable" resource certification payment mid-2016, the analyst contends. The oil and gas exploration and production company closed yesterday down $1.70 to $22.37.
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