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Fly News Breaks for August 17, 2018
SM
Aug 17, 2018 | 16:55 EDT
MUFG analyst Michael McAllister raised his price target on SM Energy to $29, citing the company's latest quarterly output beat and raise in its FY18 production guidance to 121 MMBOE/D from 118. The analyst also keeps his Neutral rating on SM Energy, stating that it is expected to rely on asset divestiture proceeds to support its capital program through 2020.
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