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Northern Oil and Gas price target lowered to $41 from $48 at BofA

BofA lowered the firm’s price target on Northern Oil and Gas (NOG) to $41 from $48 and keeps a Buy rating on the shares. The firm updated targets and EPS estimates across its oil and gas coverage for Q4 results and mark-to-market for Q1 results, telling investors that it believes strong gas realizations will be a theme for all names in the upcoming quarter.

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