Energy Equities Are Under Duress, but Analysts Like Some Names
March 17, 2020 at 11:42 AM EDT
The energy sector is under severe duress, a point confirmed by a 13.61% drop for the Energy Select Sector SPDR Fund (NYSEArca: XLE) on Monday. However, some data points indicate sell-side analysts remain bullish on energy stocks, including some XLE components. Valuation may be one reason why. The...