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Fly News Breaks for January 2, 2018
JONE
Jan 2, 2018 | 07:41 EDT
SunTrust analyst Neal Dingmann downgraded Jones Energy to Hold from Buy and lowered his price target to $1.00 from $2.50. Dingmann says the company will have to engage in "highly dilutive" re-financing because of its 4-times leverage to improve its balance sheet. The analyst also notes that the company is one of the more highly hedged plays in the space, and may miss out on significant pricing upside in WTI crude oil.
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