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Merger Monday Vindicated This Analyst Who Nailed BP's Offer Price As Energy M&A Heats Up
Monday, October 17, 2022 - 1:13pm | 528On Oct. 4, Wells Fargo & Co. (NYSE: WFC) analyst Michael Blum initiated coverage of Archaea Energy Inc. (NYSE: LFG) with an Overweight rating and a price target of $25 per share. About two weeks later, BP (NYSE: BP) purchased Archaea for approximately $26 per share of class A and class B shares...