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Fly News Breaks for October 10, 2019
SM
Oct 10, 2019 | 07:53 EDT
As previously reported, Seaport Global analyst Mike Kelly downgraded SM Energy to Neutral from Buy. The rating change was among 13 downgrades made in the E&P sector by Kelly, who contends that "the 2020 oil macro set up is a mess." On SM specifically, he does not see free cash flow over the next two years and views the company's debt and leverage as an issue.
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