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Fly News Breaks for January 4, 2017
SM
Jan 4, 2017 | 07:03 EDT
BofA/Merrill analyst Doug Leggate initiated SM Energy with a Buy and a $52 price target saying its in the midst of a significant transition having sold over $2B in assets since 2013 while increasing its footprint in the Permian Midland Basin. Leggate expects SM's debt-adjusted growth metrics to significantly improve and expects its oil mix to rise to 44% in 2019 from 30% in 2016.
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