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Fly News Breaks for December 20, 2019
Dec 20, 2019 | 04:57 EDT
Imperial Capital analyst Jason Wangler upgraded Northern Oil and Gas to Outperform from In-Line with a price target of $2.50, up from $2.00. The upgrade follows the company's announcement that it will commence a quarterly dividend in April 2020. The news is important as it shows the progress Northern Oil has made on its balance sheet, Wangler tells investors in a research note. Further, the company can now be considered a "yield vehicle," he adds.
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