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Southwestern Energy initiated with an Equal Weight at Wells Fargo
The Fly

Southwestern Energy initiated with an Equal Weight at Wells Fargo

Wells Fargo analyst Roger Read initiated coverage of Southwestern Energy with an Equal Weight rating and $6.50 price target. The company has constructed a significant gas and gas-liquids resource base with its existing operations and a series of acquisitions in the Marcellus and Haynesville Shales, but the expected oversupply conditions in U.S. gas warrant a neutral stance, the analyst tells investors in a research note.

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