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Fly News Breaks for September 23, 2019
CXO
Sep 23, 2019 | 06:49 EDT
Citi analyst Scott Gruber downgraded Concho Resources to Neutral from Buy and lowered his price target for the shares to $81 from $119 after taking over coverage of the name. The analyst believes Concho presents long term value at current share levels, but he wants to wait for clarity on the company's well performance and free cash potential in 2020 before becoming more constructive.
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