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Fly News Breaks for February 13, 2017
PXD
Feb 13, 2017 | 06:57 EDT
Jefferies analyst Michael Hsu raised his price target for Pioneer Natural Resources to $245 saying the company has "taken significant steps toward de-risking the traditional E&P model" with its 10-year plan. Despite the 11% rally post-announcement, the stock remains undervalued on all metrics the analyst evaluated. He keeps a Buy rating on Pioneer Natural.