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Fly News Breaks for April 30, 2019
NBL
Apr 30, 2019 | 07:23 EDT
Barclays analyst Jeanine Wai upgraded Noble Energy to Equal Weight from Underweight and raised her price target for the shares to $33 from $26. The company's fundamentals have improved, Wai tells investors in a research note. Noble has NBL "finally" reset its 2019/2020 outlook and Colorado regulation noise has subsided, says the analyst. Further, she believes the Leviathan start-up is on track for year-end 2019 and that Noble's free cash flow inflection is "now well underway."
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