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Fly News Breaks for December 1, 2015
CXO
Dec 1, 2015 | 07:11 EDT
Raymond James upgraded Concho Resources to Strong Buy and increased its price target to $146 from $137 on shares. Analyst John Freeman said the combination of a top tier asset base and industry leading operational team allows the company to continually drive productivity and capital efficiency gains. Following management meetings, Freeman has increased confidence in Concho's ability to grow inventory and unlock resource potential, and is one of the best positioned for a potential oil recovery in the second half of 2016.
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