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Fly News Breaks for May 5, 2016
PE
May 5, 2016 | 07:09 EDT
As previously reported, Raymond James upgraded Parsley Energy to Strong Buy from Outperform and raised its price target to $33 from $31. Analyst John Freeman said the company has some of the most economic acreage in the country and believes shares still have room to run before it reflect the fulll potential of the asset base. Parsley continues to drive productivity gains across their core Midland acreage and believes the market underappreciates the recent acquisition's accretion given the significant stock underperformance.
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