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Fly News Breaks for March 5, 2018
XEC
Mar 5, 2018 | 08:11 EDT
Credit Suisse analyst Betty Jiang lowered her price target for Cimarex Energy to $129 from $147 and removed the stock from her firm's SMID Top Picks saying the company's above average gas leverage in the Permian and Mid-Continent have been weighing on shares, and sentiment is unlikely to improve in the near-term given continued investor concern around Waha gas basis blowout, which is also being extended to the Mid-Continent. The analyst reiterates an Outperform rating on the shares.
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