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Fly News Breaks for May 17, 2017
SM
May 17, 2017 | 08:32 EDT
Baird analyst Daniel Katzenberg lowered his price target on SM Energy to $35 from $45 as the company's decision to retain its Bakken acreage complicates its earlier corporate goals to focus on the Permian and Eagle Ford areas only. The analyst said the retention pushes out the company's deleveraging goals, though shares remain attractively valued. Katzenberg reiterated his Outperform rating on SM Energy shares.
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