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Fly News Breaks for January 9, 2020
Jan 9, 2020 | 07:59 EDT
As previously reported, Wells Fargo analyst Nitin Kumar downgraded Gulfport Energy to Underweight from Equal Weight with a price target of $4, down from $5. 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. Kumar also sees below peer asset quality, free cash flow execution and leverage that should weigh on relative performance in 2020.
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