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Fly News Breaks for June 1, 2016
NBL
Jun 1, 2016 | 07:42 EDT
JPMorgan analyst Arun Jayaram calls Noble Energy misunderstood. Despite "significant operating momentum" that looks sustainable through 2017, the shares have lagged peers by 19% year-to-date, Jayaram tells investors in a research note. The analyst sees an "asymmetric risk-reward profile," with $3 to $6 per share of upside assuming Leviathan moves to final investment decision within nine months. Jayaram keeps an Overweight rating on Noble with a $40 price target.
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