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Fly News Breaks for January 4, 2019
PE
Jan 4, 2019 | 05:06 EDT
Imperial Capital analyst Irene Haas lowered her price target for Parsley Energy to $33 to reflect the company's 2019 outlook as well as a lower crude price outlook for Q4 and 2019. Parsley, however, is transitioning from growth mode to development mode and intends to take a significant step toward free cash flow generation in 2019, Haas tells investors in a research note. She keeps an Outperform rating on the shares.
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