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Fly News Breaks for November 18, 2015
SM
Nov 18, 2015 | 08:33 EDT
As noted earlier, BMO Capital downgraded SM Energy to Market Perform from Outperform. As reasons for the downgrade, the firm cited the effects of long-term low oil prices, and its belief that the company has below-average cash margins and recycle ratio. Target to $40 from $45.
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