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Fly News Breaks for February 14, 2020
PDCE
Feb 14, 2020 | 06:27 EDT
Citi analyst Brian Downey resumed coverage of PDC Energy with a Buy rating and $35 price target following a period of restriction. The analyst sees upside to free cash flow estimates on further cost improvements as he believes the company's updated 2020 capex guidance will come in toward the low end or below the initial $1.2B-$1.4B range.
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