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Fly News Breaks for July 6, 2017
PTR
Jul 6, 2017 | 07:49 EDT
Bernstein analyst Neil Beveridge downgraded PetroChina based on his belief that lower oil prices reduce the probability of the company spinning off its pipeline business. The analyst also cites the company's 1% dividend yield and failure to respond to lower oil prices as reasons for the downgrade.
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