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Cabot Oil +2%, CB&I -10% after Macquarie analyst actions

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eFinanceMarkets   Tuesday, 06/06/17 05:58:25 PM
Re: AgSEC post# 184
Post # of 190 
Cabot Oil +2%, CB&I -10% after Macquarie analyst actions

Cabot Oil & Gas (COG +2.4%) maintains strong gains after Macquarie upgrades shares to Outperform from Neutral, saying the stock's recent pullback is overdone and expecting improved natural gas prices into the fall and tighter Marcellus differentials.

The firm also is making its presence felt in Chicago Bridge & Iron (CBI -9.9%), whose shares have sank to 52-week lows after Macquarie slashed its stock price target to $11.50 from $18, saying the company has "hidden debt."

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