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Fly News Breaks for January 11, 2017
SU, XOM
Jan 11, 2017 | 07:42 EDT
Wells Fargo analyst Roger Read downgraded Exxon Mobil (XOM) to Market Perform citing valuation and the absence of an acquisition during the downturn as a way to deliver growth and returns. The window for a deal has likely closed while Exxon trades at a "premium" valuation, Read tells investors in a research note. The analyst lowered his price target range for the shares to $87-$93 from $92-$100. Read's top pick in the International Exploration & Production space is Suncor (SU).
News For XOM;SU From the Last 2 Days
XOM
Apr 15, 2024 | 18:34 EDT
