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Fly News Breaks for January 9, 2020
WLL
Jan 9, 2020 | 08:12 EDT
As previously reported, Wells Fargo analyst Nitin Kumar downgraded Whiting Petroleum to Underweight from Equal Weight with an $8 price target. Taking a cautious stand into 2020 on the U.S. E&P sector, the analyst argues that the upside case is dependent on higher commodity prices. Kumar also sees below peer asset quality, free cash flow execution and leverage that should weigh on relative performance in 2020.
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