** Shares of Canadian oil and gas producer Husky Energy up 1.5% at C$12.8 after co cuts long-term spending to boost cash flow
** Husky nearly doubled its free cash flow target over five years as it cut its planned capital spending
** Total FCF before dividends is expected to reach C$8.7 bln between 2019 and 2023, vs previous est. of C$4.8 bln between 2018 and 2022
** Co expects to generate C$800 mln in FCF this year, not counting the expected sale of some assets - CEO Rob Peabody said at the investor day
** Separately, Credit Suisse analyst says, given the higher FCF forecast, it expects dividend hikes in the future, which would be viewed positively by investors
** 3 of 20 brokerages rate the stock “buy” or higher, 12 “hold” and 5 “sell” or lower; their median PT is C$16.25
** Despite Tuesday’s early gains, stock down 9.3% this year (Reporting By Arundhati Sarkar in Bengaluru)
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