By: Benzinga
UPDATE: J.P. Morgan Downgrades Apache Corporation to Neutral on Lack of Catalysts, Low Growth
In a report published Thursday, J.P. Morgan analyst Joseph Allman downgraded the rating on Apache Corporation (NYSE: APA ) from Overweight to Neutral, and lowered the price target from $89.50 to $76.50. In the report, Allman noted, “Historically, APA has achieved good rates of return, maintained a relatively strong balance
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