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Fly News Breaks for December 17, 2019
YPF
Dec 17, 2019 | 06:14 EDT
Goldman Sachs analyst Bruno Amorim initiated coverage of YPF with a Sell rating and $9.20 price target. The analyst expects the company will continue to deliver low to negative production growth in the upcoming years. Further, the high-inflationary environment in Argentina presents risks to the application of international prices in YPF's upstream and downstream businesses, which should lead to slightly negative free cash flow in the next few years, Amorim tells investors in a research note.
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