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Fly News Breaks for January 10, 2019
TOO
Jan 10, 2019 | 08:34 EDT
As previously reported, Wells Fargo analyst Michael Webber downgraded Teekay Offshore Partners to Market Perform from Outperform and lowered his price target on the shares to $1.60 from $3.25. While the analyst has previously viewed Teekay Offshore Partners as discount option value on a continued recovery in energy/crude, he believes the shift in macro dynamics simply limits the potential upside.
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