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Fly News Breaks for July 20, 2017
JONE
Jul 20, 2017 | 06:25 EDT
JPMorgan analyst Michael Glick downgraded Jones Energy (JONE) to Neutral saying he's repositioning his ratings ahead of the Q2 reporting season toward names that can perform well in a lower commodity price environment. The analyst calls Parsley Energy (PE) and Diamondback Energy (FANG) his top picks in the small-to-mid cap Exploration & Production space. He keeps a $17 price target on Jones shares.
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