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Fly News Breaks for August 15, 2019
CXO
Aug 15, 2019 | 06:13 EDT
Piper Jaffray analyst Ryan Todd sees a buying opportunity following the recent 30% pullback in shares of Concho Resources. The analyst lowered his price target to $117 from $115 and reiterates an Overweight rating on the name. The current valuation is "quite compelling," but it will take some time for the company to regain credibility, Todd tells investors in a research note.
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