UPDATE: Credit Suisse Downgrades Apache on Extended Duration to Free Cash Flow Inflection

In a report published Tuesday, Credit Suisse analyst Arun Jayaram downgraded the rating on Apache (NYSE: APA ) from Outperform to Neutral, and lowered the price target from $104.00 to $102.00. In the report, Credit Suisse noted, “We are downgrading APA shares to Neutral from Outperform and lowering our target