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Fly News Breaks for February 20, 2020
CXO
Feb 20, 2020 | 07:45 EDT
Raymond James analyst John Freeman lowered his price target for Concho Resources to $110 from $120 following the company's "strong" Q4 that featured better than expected production and continued cost declines. In a research note to investors, Freeman says Concho remains among the select few with the ability to grow oil production by double digits while building an attractive free cash flow yield. He reiterates his Strong Buy rating, saying he remains confident in the company's future success.
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