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Fly News Breaks for March 14, 2018
REN
Mar 14, 2018 | 08:47 EDT
SunTrust analyst Neal Dingmann raised his price target on Resolute Energy to $44, saying the company's "solid" 2018 development plan unveiled last month provides a runway for production in 2019, with "strong" anticipated Q4 exit rate growth. Dingmann keeps his Buy rating on Resolute Energy, adding that he expects leverage to decline below 3-times and free cash flows to turn positive later this year, further supported by "cash interest savings due to bond refinancing and further operating efficiencies".
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