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Hess (HES +1.2%) is initiated with a Hold rating at Dahlman Rose, which likes the company's...

Hess (HES +1.2%) is initiated with a Hold rating at Dahlman Rose, which likes the company's ongoing portfolio transition, above-average leverage to oil, and recent success in unconventional resources. But the firm says HES' expected flattish near-term production growth and relatively high debt load keeps it on the sidelines for now.
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