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Fly News Breaks for February 12, 2016
MEMP
Feb 12, 2016 | 07:08 EDT
Ladenburg analyst Michael Schmitz downgraded Memorial Production to Neutral from Buy after the firm cut its spot WTI crude oil price forecast for 2016 to $39 barrel. The downgraded was one of several the analyst made in the space to reflect the lowered oil forecast. Schmitz cut his price target for Memorial Production to $2 from $4.
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