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Fly News Breaks for August 20, 2019
TOT
Aug 20, 2019 | 17:30 EDT
As previously reported, BMO Capital analyst Daniel Boyd initiated Total with a Market Perform and $62 price target. The analyst is positive on Total's deepwater portfolio, its strong track record of execution, its production growth, and its improved capital returns, however, he noted that production growth is slowing, debt-adjusted cash flow per share growth is forecast to be below average, and he sees risk of high capex.
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