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InterOil opens +10% as Goldman upgrades to Buy

Jan. 21, 2016 9:55 AM ETInterOil Corporation (IOC) StockIOCBy: Carl Surran, SA News Editor1 Comment
  • InterOil (IOC +10.2%) opens higher after Goldman Sachs upgrades shares to Buy from Neutral with a $37.50 price target, which represents 68% potential upside from current levels.
  • IOC "now looks too cheap to ignore," Goldman says, adding that IOC's favorable recent drilling results should support a sizable resource certification payment in mid-2016.

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