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Fly News Breaks for November 18, 2019
MGY
Nov 18, 2019 | 06:28 EDT
KeyBanc analyst Leo Mariani initiated coverage of Magnolia Oil & Gas with an Overweight rating and $14 price target. The analyst says the company offers a "strong" balance sheet, "solid" free cash flow generation, and a "reasonable" valuation. Magnolia also offers good upside potential in the Austin Chalk if repeatable success is achieved, Mariani tells investors in a research note.
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