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Fly News Breaks for December 30, 2015
WPX
Dec 30, 2015 | 07:44 EDT
Noting that WPX's stock has dropped 38% this month, SunTrust says the decline is overdone, given what it sees as the company's large amount of high priced hedges and potential asset sales. The firm expects the company to sell assets in the near-term, improving its balance sheet. It keeps a Buy rating on the shares.
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