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Fly News Breaks for July 16, 2019
XEC
Jul 16, 2019 | 04:46 EDT
Imperial Capital analyst Irene Haas downgraded Cimarex Energy to In-Line from Outperform and lowered his price target for the shares to $58 from $82. Near-term gas weakness will negatively affect Cimarex's earnings as the company is leveraged to gas and natural gas liquids, Haas tells investors in a research note. The analyst still has a negative view on Gulf Coast natural gas prices.
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