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Fly News Breaks for May 23, 2018
PE
May 23, 2018 | 07:30 EDT
Seaport Global analyst Mike Kelly upgraded Parsley Energy to Buy from Neutral with a $39 price target to reflect $55/bbl long-term crude prices, a Q1 operational rebound, and and advantaged Permian crude/gas marketing contracts. Additionally, Kelly also said Parsley's valuation appears compelling versus Permian peers.
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