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Fly News Breaks for July 16, 2019
RGLD
Jul 16, 2019 | 05:55 EDT
Barclays analyst Matthew Murphy downgraded Royal Gold to Underweight from Equal Weight while raising his price target for the shares to $105 from $88. The analyst sees the 35% rally over recent weeks as overdone. While the analyst increased his gold multiples, he's "somewhat cautious of a retracement" and is "not calling for unbridled upside."
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