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Fly News Breaks for January 4, 2019
PDCE
Jan 4, 2019 | 09:13 EDT
BofA/Merrill Lynch analysts led by Doug Leggate downgraded a number of U.S. Oil and Gas stocks, citing moderating growth and eroding cash margins among the small-to-mid cap names. Among them, they downgraded PDC Energy to Neutral from Buy, citing its A&D risk. The group lowered their price target on PDC shares to $44 from $57.
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