Fly News Breaks for January 21, 2020
Jan 21, 2020 | 07:42 EDT
SunTrust analyst Neal Dingmann upgraded WPX Energy to Buy from Hold with a price target of $18, up from $12. The analyst notes that his prior expectations of decline in the stock price with the upcoming selling by Felix's private equity backer proved to be incorrect and that its acquisition terms ended up being better than he imagined. Dingmann is positive on WPX Energy offering a "unique balance of sustainable double digit growth, meaningful free cash flows, and shareholder returns" through its upcoming dividend and stock buybacks.
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