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Fly News Breaks for February 14, 2017
PXD
Feb 14, 2017 | 08:50 EDT
JPMorgan analyst Arun Jayaram raised his price target for Pioneer Natural Resources to $220 saying the company's 2026 production growth target sets a "powerful case for long-term value creation." Pioneer's long-term cash flow growth outlook of 20%-plus per annum could approach levels that only 15 stocks in the Russell 1000 Index have eclipsed over the past 10-years, Jayaram tells investors in a research note. The analyst keeps an Overweight rating on the shares.
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