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Fly News Breaks for May 15, 2018
RSPP, CXO
May 15, 2018 | 08:46 EDT
JPMorgan analyst Arun Jayaram raised his price target for Concho Resources (CXO) to $180 ahead of the upcoming merger with RSP Permian (RSPP). The analyst forecasts an increase in Concho's annual production growth through 2021 to 23% from 20% and "significant" free cash flow generation. He keeps an Overweight rating on Concho shares.
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