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Fly News Breaks for October 22, 2019
Oct 22, 2019 | 08:56 EDT
Morgan Stanley analyst Benny Wong upgraded Husky Energy to Equal Weight from Underweight, stating that he expects wider heavy sour crude price spreads given falling high sulfur fuel oil prices and more medium and heavy oil supply than expected coming to the market. He views Husky as the most defensive and hedged against widening differentials with its integrated structure, Wong tells investors. However, he lowered his price target on Husky shares to C$11.00 from C$13.50.
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