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Fly News Breaks for January 9, 2020
XOG
Jan 9, 2020 | 07:57 EDT
As previously reported, Wells Fargo analyst Nitin Kumar downgraded Extraction Oil & Gas to Underweight from Equal Weight with a price target of $4, down from $6. Taking a cautious stand into 2020 on the U.S. E&P sector, the analyst argues that the upside case is dependent on higher commodity prices.
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