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Fly News Breaks for August 8, 2017
PXD
Aug 8, 2017 | 07:10 EDT
Stifel analyst Derrick Whitfield says that Pioneer is "oversold" on both fundamentals and technicals. He says the company has "a modest execution overhang" following its Q2 results, but he thinks the stock has priced in the worst case scenario for dealing with salt water disposal over the long-term. The analyst believes that the company has addressed its execution issues while the stock is 20% undervalued. He keeps a $236 price target and a Buy rating on the shares.
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