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Fly News Breaks for February 26, 2020
XOM
Feb 26, 2020 | 08:43 EDT
RBC Capital analyst Biraj Borkhataria lowered his price target on Exxon Mobil to $65 and kept his Sector Perform rating ahead of its Analyst Day presentation. The analyst warns that after one of its worst years in recent history, the company needs to demonstrate a "realistic bridge" to its longer-term free cash flow targets at a time when macro headwinds across "most levers" of its business risk negative revisions.