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Fly News Breaks for January 4, 2017
SWN
Jan 4, 2017 | 07:23 EDT
BofA/Merrill analyst Doug Leggate downgraded Southwestern Energy to Underperform and lowered its price target to $9 from $16. The analyst believes restructuring efforts are largely reflected in valuation and said margins are at a relative disadvantage to peers given NE Appalachia gas production continues to be constrained.
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