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Fly News Breaks for March 8, 2016
PDCE
Mar 8, 2016 | 09:30 EDT
KLR Group analyst John Gerdes lowered his price target for PDC Energy to $72 citing the dilutive impact of the 5.9225M share equity issuance. The analyst, however, points out the offering further strengthens PDC's capitalization. He keeps a Buy rating on the shares.
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