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Fly News Breaks for December 7, 2018
PDCE, SRCI
Dec 7, 2018 | 06:56 EDT
JPMorgan analyst Michael Glick downgraded SRC Energy (SRCI) to Neutral and lowered his price target for the shares to $6 from $9. The analyst ranks SRC second to PDC Energy (PDCE) within the Wattenberg, but prefers PDC's ability to re-allocate capital to the Delaware in the event Colorado's soon to be heavily Democratic government works to enact legislation that limits the oil and gas industry.
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