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Fly News Breaks for June 7, 2019
QEP
Jun 7, 2019 | 06:49 EDT
JPMorgan analyst Michael Glick downgraded QEP Resources to Underweight from Neutral and lowered his price target for the shares to $9 from $11. The stock has been a relative top performer year-to-date, which is not justified based on fundamentals, Glick tells investors in a research note. Aside from the "activism-sparked" strategic alternatives process, QEP's underlying fundamentals have deteriorated year-to-date on the company's core asset, the analyst contends.
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