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Fly News Breaks for December 6, 2018
PDCE
Dec 6, 2018 | 08:56 EDT
As reported earlier, MKM Partners analyst John Gerdes initiated PDC Energy with a Buy rating and a price target of $67. The analyst expects the company to post an annualized production increase of about 10% through 2021 relative to the industry median expectations of 6% growth. Gerdes also cites PDC Energy valuation, which offers a 35% discount to the group based on his expected forward EBITDA multiple.
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