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Fly News Breaks for December 19, 2019
CRK
Dec 19, 2019 | 08:08 EDT
MKM Partners analyst John Gerdes initiated coverage of Comstock Resources with a Neutral rating and $8 price target. Gerdes points to the company's "compellingly low" cash expense and a "highly competitive" full-cycle investment return, but notes that his projected Q4 and FY20 production expectations are at the midpoint of the company's formal guidance.
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