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Fly News Breaks for September 11, 2015
WLL
Sep 11, 2015 | 07:41 EDT
Goldman upgraded Whiting Petroleum to Buy and lowered its price target to $24 from $25. Analyst Brian Singer believes investors underappreciate Whiting's ability to improve leverage through non-core asset sales and expect divestitures to be at the high end of management's $200M-$700M 2015 target. The analyst expects Whiting's valuation discount versus peers to narrow due to greater fiscal discipline and potential to unlock additional shareholder value.
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