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Fly News Breaks for February 10, 2017
PE
Feb 10, 2017 | 09:02 EDT
JPMorgan analyst Michael Glick believes the underperformance of Parsley Energy shares since the company's acquisition and equity offering provides an "attractive opportunity." The acquired position in the Midland Basin is strategic enough to justify the dilution, Glick tells investors in a research note. He raised his price target for Parsley shares to $51 from $49 and keeps an Overweight rating on the name.
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