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Fly News Breaks for October 28, 2019
Oct 28, 2019 | 06:05 EDT
Piper Jaffray analyst Kashy Harrison upgraded QEP Resources to Overweight from Neutral with a price target of $6, up from $3.50. The stock, trading at a 16% free cash flow yield on 2020 estimates, "looks cheap as long as it executes on the forward outlook," Harrison tells investors in a research note. The analyst believes QEP's recent execution coupled with a conservative approach toward forward guidance improves confidence in its outlook.
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