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Fly News Breaks for August 8, 2019
PXD
Aug 8, 2019 | 07:50 EDT
SunTrust analyst Neal Dingmann lowered his price target on Pioneer Natural to $130 and kept his Hold rating after Q2 results, saying that while the company's operations improved, its free cash flow is "arriving slower than desired". The analyst sees Pioneer Natural's free cash flow yield of just 2% in 2020 and also warns about the company's need to balance the upcoming debt maturities with stock buybacks.