Merrill Lynch Downgrades Alliance Oil to Underperform (AOIL.SBD)
Alliance Oil (ST:AOIL.SBD) was downgraded by analysts at Merrill Lynch from a “buy” rating to an “underperform” rating in a research report issued to clients and investors on Friday, American Banking & Market News reports. They currently have a $45.00 price target on the stock, down from their previous price target of $51.50.
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