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Fly News Breaks for August 13, 2019
PAM
Aug 13, 2019 | 04:57 EDT
BofA/Merrill analyst Frank McGann downgraded Pampa Energia to Neutral from Buy and lowered his price target for the shares to $33 from $52.50. A less favorable policy toward tariffs should Alberto Fernandez become the next president of Argentina could seriously reduce Pampa's profitability, McGann tells investors in a research note.
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