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Fly News Breaks for May 1, 2015
WLL
May 1, 2015 | 07:48 EDT
Oppenheimer increased its price target on Whiting after the company reported a lower than expected Q1 EPS loss and provided higher than expected 2016 production guidance. The firm expects the stock's EV/EBITDA multiple to rise, since it will probably be cash flow neutral in 2016. Oppenheimer keeps an Outperform rating on the shares.
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