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Fly News Breaks for May 4, 2018
PDCE
May 4, 2018 | 08:06 EDT
SunTrust analyst Welles Fitzpatrick raised his price target on PDC Energy to $62 and kept his Buy rating, citing the company's "solid" Q1 EPS beat and affirmed outlook. The analyst also notes the company's reduced spending plans due to higher commodity prices as well as its "move to lock up takeaway in both basins ahead of its multiyear program".
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