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Fly News Breaks for February 22, 2018
NFX
Feb 22, 2018 | 07:54 EDT
KLR Group analyst John Gerdes upgraded Newfield Exploration to Buy from Hold after the stock's underperformance and 30% pullback since late January. Given the oil composition, the company's Williston Basin returns are about twice the Anadarko Basin, while its initial Uinta Basin returns approximate the Anadarko, said Gerdes, who raised his price target on Newfield to $38 from $36.
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