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Fly News Breaks for January 23, 2020
MGY
Jan 23, 2020 | 06:39 EDT
Credit Suisse analyst Betty Jiang downgraded Magnolia Oil & Gas to Neutral from Outperform, citing valuation. While Jiang says Magnolia remains a solid defensive stock, shares have traded up to her prior price target and sees limited upside given premium valuation and relatively shorter inventory life.
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