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Fly News Breaks for September 9, 2016
PDCE
Sep 9, 2016 | 09:12 EDT
KLR Group analyst John Gerdes lowered his price target for PDC Energy to $80 citing the company's additional equity capitalization of the Delaware Basin acquisition. The 9.085M share offering increases shares outstanding by around 16%, Gerdes tells investors in a research note. He keeps a Buy rating on PDC.
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