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Fly News Breaks for May 25, 2018
XEC
May 25, 2018 | 09:26 EDT
Stifel analyst Michael Scialla said he views Cimarex Energy's Ward County divestiture favorably as the implied acreage price exceeded his expectations and the deal improves "an already stout balance sheet." Scialla raised his price target on Cimarex to $180 from $175 following the deal announcement and keeps a Buy rating on the shares.
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