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Fly News Breaks for September 16, 2019
PE
Sep 16, 2019 | 09:19 EDT
Mizuho analyst Paul Sankey upgraded Parsley Energy (PE) to Buy from Neutral following the major attacks in Saudi Arabia as he sees it as prudent to add exposure to U.S. oil production. He thinks Parsley's 2020 oil production is skewed higher than consensus and that the company can deliver a 10%+ adjusted free cash flow yield in 2022. He has a $24 price target on Parsley shares.
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