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Exclusive: Sell-side sours on U.S. energy stocks more than any sector

2015-01-06 19:00:41| IT Services - Topix.net

As if plummeting oil prices were not giving energy companies enough to worry about in 2015, Wall Street has turned against the sector, with stock analysts slashing earnings estimates. Despite a 23 percent drop in the S&P 1500 energy sector since the end of June 2014, stock prices still may not account for the drastically lowered forecasts for the sector's earnings, particularly if oil prices continue to slide.

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