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Fly News Breaks for October 15, 2019
WLL
Oct 15, 2019 | 09:31 EDT
Wolfe Research analyst Josh Silverstein downgraded Whiting Petroleum to Underperform from Peer Perform with a price target of $8, down from $12. The analyst sees increased financial risk given Whiting's inability to generate free cash flow and growth with WTI at $50/bbl and expectations for the 2020 outlook to be below Street expectations.
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