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Fly News Breaks for January 13, 2020
JAG, PE
Jan 13, 2020 | 09:07 EDT
RBC Capital analyst Scott Hanold resumed coverage of Parsley Energy (PE) with an Outperform rating and $26 price target. The analyst notes that the company's acquisition of Jagged Peak (JAG) has bolstered its Delaware Basin position with an asset that is potentially "under-appreciated by investors", adding that the company's management has a "measured" development approach that should mitigate investor concerns over integration risks.
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