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Fly News Breaks for March 29, 2018
PE
Mar 29, 2018 | 07:19 EDT
SunTrust analyst Neal Dingmann raised his price target on Parsley Energy to $34, saying the company's recent Permian wells output data suggest that its early 2018 operational issues may be in the past. Dingmann keeps his Buy rating on the stock, adding that his "near Street high" FY19 forecasts assume improvements in operating efficiencies as well as "established zones/spacing/well designs along with relatively stable pricing and an increasing drilling cadence".
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