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>> NEW JERSEY Latest News

JAN 28, 2013 - Benzinga

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Citigroup Reiterates Buy Rating, $67.50 PT on Hess Corp.

In a report published Monday, Citigroup reiterated its Buy rating and $67.50 price target on Hess Corp. (NYSE: HES). Citigroup noted, “Hess announced it is closing its Port Reading refinery in New Jersey and selling its terminal network. Approximately $1.0 billion of working capital will be released from the sale of the terminals.

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