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Fly News Breaks for July 31, 2019
LPI
Jul 31, 2019 | 06:40 EDT
JPMorgan analyst Michael Glick upgraded Laredo Petroleum to Neutral from Underweight without a price target. The company trades a relative valuation discount to peers, making its free cash flow yield the highest in the space, Glick tells investors in a research note. Further, Laredo's hedge book and premium pricing help de-risk the cash flow profile through 2020, adds the analyst. He believes the company "deserves a look here given a valuation that has significant support."
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