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Fly News Breaks for January 11, 2017
OXY
Jan 11, 2017 | 08:53 EDT
As noted earlier, BMO Capital downgraded Occidental Petroleum to Market Perform from Outperform. As reasons for the downgrade, analyst Phillip Jungwirth cited valuation and "an expected total return" that is "below that of higher growth" exploration and production companies, given his outlook for stable to slightly rising oil prices.Target $70.
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