PAM is trading 3.03% lower at $66.44 after Q3 results showed negative free cash flow. - Revenue was $790 million, below estimates; capital expenditures of $585 million contributed to negative $388 million free cash flow. - Management said it does not plan dividends or buybacks while funding investments; shares fell despite sharply higher U.S. markets. - Coverage reported JPMorgan cut its price target to $100 from $105 on November 2.