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Fly News Breaks for June 14, 2018
PLLL
Jun 14, 2018 | 08:06 EDT
Roth Capital analyst Joe Reagor raised his price target for Parallel Petroleum to $32 from $23 after the company announced a Maiden resource estimate for its Piedmont Lithium project in North Carolina. The analyst notes that the initial resource estimate significantly exceeded his expectations and he believes the company will be able to track new investors now that it has issued a resource estimate. Reagor reiterates a Buy rating on the shares.
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