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Fly News Breaks for May 3, 2019
NBL
May 3, 2019 | 17:06 EDT
MUFG analyst Michael McAllister lowered his price target on Noble Energy to $34 after its Q1 results but kept his Overweight rating, saying that while earnings missed expectations, the company is showing "capex discipline". The analyst is positive on Noble Energy's efforts to become free cash flow positive "sooner rather than later", adding that its investment story with the DJBasin, Eagle Ford, and West Africa assets remains intact.
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