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Fly News Breaks for December 6, 2018
MUR
Dec 6, 2018 | 08:58 EDT
As reported earlier, MKM Partners analyst John Gerdes initiated Murphy Oil with a Buy rating and a price target of $44. The analyst cites his forecast for Q4 production of 169MBOE/d at the high end of the company's guidance and also sees its stock trading at a 15% discount relative to its group based on his expected forward EBITDA multiple.
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