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BUZZ-Tullow Oil: Hits 3-mth high after Barclays hikes price target

Reuters - UK Focus

** Oil company Tullow's shares up 4.4 pct, near the top of the FTSE 250, after Barclays (LSE: BARC.L - news) analysts reiterate "overweight" rating on co and hike their price target to 340p from 310p

** Barclays analysts hike valuation of Tullow's South Lokichar oil discoveries in Kenya following a recent field trip by Tullow's partner Africa Oil (LSE: 0QVL.L - news)

** Analysts say Tullow offers attractive leverage to a steady improvement in oil prices; Reuters poll in August sees avg price of Brent at $45.44/barrel in 2016

** Shares (Berlin: DI6.BE - news) set for seventh-straight day of gains, at their highest in three months and top of the Stoxx 600 Oil and Gas Index

** Of 26 analysts on stock, 11 have "buy" or higher, 9 have "hold", 6 have "sell"; 243.6p median PT implies 7 pct downside (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)