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Fly News Breaks for March 13, 2018
PE
Mar 13, 2018 | 06:46 EDT
JPMorgan analyst Michael Glick raised his price target for Parsley Energy to $45 from $43 following a deep dive into the company. Parsley's asset base and inventory are among the highest quality in the space, and the stock's current valuation under multiple methodologies is attractive versus peers, Glick tells investors in a research note. By the second half of the year, the analyst "firmly" believes that Parsley "will be back on track on the execution front." He keeps an Overweight rating on the shares.
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