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Fly News Breaks for April 28, 2016
PXD
Apr 28, 2016 | 09:21 EDT
Stephens analyst Will Green raised his price target for Pioneer Natural to $197 from $169 following a "strong" Q1. The analyst continues to like the company's low cost asset position, strong balance sheet, and long-term growth potential. However, Green is removing Pioneer Natural as his Best Idea in favor of cash, after a 35% year to date move. The analyst reiterates an Overweight rating on the shares.