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Fly News Breaks for December 16, 2016
CXO
Dec 16, 2016 | 07:18 EDT
Wells Fargo analyst David Tameron downgraded Concho Resources and other Exploration & Production names to Market Perform from Outperform citing headwinds from service cost increases, slowing efficiency gains and uncertain long-term price expectations. The analyst lowered his price target range for the shares to $135-$150 from $145-$155.
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