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Fly News Breaks for May 20, 2015
XEC
May 20, 2015 | 12:15 EDT
Morgan Stanley views Cimarex Energy's secondary offering as a logical move given management's track record, but admits it was a surprise. The firm continues to view Cimarex as one of the most compelling opportunities in the Exploration & Production space and keeps an Overweight rating on the stock with a $160 price target.
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