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Fly News Breaks for January 7, 2016
PXD
Jan 7, 2016 | 06:34 EDT
Deutsche Bank analyst Ryan Todd upgraded Pioneer Natural Resources to Buy saying the stock offers the most attractive combination of offense and defense in the Exploration & Production space. The company's recent equity raise "further shores up what was already one of the strongest balance sheets in the sector," he adds. Todd upped his price target for the shares to $165 from $150. Citi this morning also upgraded Pioneer Natural to Buy.
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