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Fly News Breaks for June 7, 2019
MTDR
Jun 7, 2019 | 06:46 EDT
JPMorgan analyst Michael Glick upgraded Matador Resources to Overweight from Neutral while lowering his price target for the shares to $26 from $28. The analyst sees the company as one of the few in Exploration and Production that has a "positive rate of change story on the near-term horizon" as it shifts to longer laterals on its most productive rock. Matador has a "rabbit in its hat via its midstream investments, mineral exposure and non-core asset divestiture optionality," Glick tells investors in a research note.
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