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Fly News Breaks for December 17, 2015
PWE
Dec 17, 2015 | 07:51 EDT
As noted earlier, RBc Capital downgraded Penn West to Underperform from Sector Perform. The firm downgraded the stock based on its new outlook for oil and gas prices, as well as what it sees as the company's elevated balance sheet leverage and higher relative returns elsewhere. Target to $1 from $1.40.
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