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Fly News Breaks for August 10, 2016
SM
Aug 10, 2016 | 14:29 EDT
Raymond James analyst Kevin Smith has increased his 2016 and 2017 EBITDA estimates for SM Energy by 2% and 11%, respectively, citing the company's acquisition of acreage that has nearly doubled its Midland Basin footprint. Smith raised his price target on the stock to $50 from $45 and keeps an Outperform rating on the shares.
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