Believing oil prices will rebound as macro concerns fade and prices become more closely driven by supply and demand, UBS upgrades the energy sector to Overweight from Market Weight. The firm raises E&P choices EOG Resources (EOG -1.2%), Oasis Petroleum (OAS -1.9%) and Pioneer Natural Resources (PXD -1.4%) to Buy from Neutral.
Believing oil prices will rebound as macro concerns fade and prices become more closely driven...
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