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Analyst Says Cabot Oil & Gas Set For Strong Growth

Stock quotes in this article: COG  

NEW YORK (AP) — Natural gas producer Cabot Oil & Gas Corp. is positioned for strong production and earnings growth, an analyst said Friday.

UBS analyst Andrew Coleman raised his share price target by $16 to $40. He said the company's increased activity in the Marcellus shale region should push production growth beyond his current outlook of 6 percent, with a burst of growth in 2010.

Coleman rates Cabot "Buy." ...

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