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Fly News Breaks for June 21, 2018
XEC
Jun 21, 2018 | 08:10 EDT
BofA/Merrill analyst Doug Leggate upgraded Cimarex Energy to BUy from Neutral with a new price target of $127, down from $132, citing attractive valuation, growth outlook, and solid balance sheet. The analyst believes Cimarex's valuation dislocation is "overdone," while the fundamental investment case is unchanged.
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