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Fly News Breaks for January 19, 2017
XOM
Jan 19, 2017 | 05:55 EDT
UBS analyst William Featherston last night downgraded Exxon Mobil to Sell and lowered his price target for the shares to $77 from $86. The analyst estimates that over the next several years, Exxon will underperform global integrated peers on production growth. He also views the current valuation as "expensive."
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