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Stock Market & Financial Investment News

News Breaks
May 27, 2014
06:29 EDTWPX, LGCYLegacy Reserves upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded Legacy Reserves (LGCY) to Neutral citing the company's Piceance acquisition and strategic alignment with WPX Energy (WPX). The firm raised its price target for shares to $29 from $25.
News For LGCY;WPX From The Last 14 Days
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August 27, 2015
10:57 EDTWPXOptions with increasing implied volatility
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August 20, 2015
10:00 EDTLGCYOn The Fly: Analyst Downgrade Summary
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05:36 EDTLGCYLegacy Reserves downgraded to Neutral from Buy at UBS
UBS downgraded Legacy Reserve (LGCY) to Neutral after after stress testing upstream MLPs to reflect scenarios in which oil remains depressed and recovery is limited. The firm expects MLPs that are better capitalized, well hedged and less levered to crude oil to outperform. It lowered its price target for shares to $5.50 from $14. UBS coupled the downgrade with an upgrade of Mid-Con Energy (MCEP) to Buy. Other Buy-rated upstream MLPs at the firm are Vanguard Natural (VNR), Memorial Production (MEMP) and Eagle Rock Energy (EROC). Sell-rated names are LINN Energy (LINE) and LinnCo (LNCO).
August 18, 2015
07:29 EDTWPXEnerCom to hold a conference
The Oil & Gas Conference is being held in Denver, Colorado on August 16-20 with webcasted company presentations to begin on August 18 at 10:00 am; not all company presentations may be webcasted. Webcast Link

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