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Fly News Breaks for June 20, 2016
CLR
Jun 20, 2016 | 08:22 EDT
Canaccord raised its price target on Continental Resources to $50 from $44 to reflect considerable upside that it does not think is currently reflected in the shares. The firm cited the company's opportunity to renew rig contracts at lower rates and its pioneering position as the largest and most active leaseholder in the Williston Basin in Oklahoma. Canaccord reiterated its Buy rating on Continental Resources shares.
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