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Fly News Breaks for March 11, 2016
RSPP
Mar 11, 2016 | 06:48 EDT
Goldman analyst Brian Singer upgraded RSP Permian to Buy and raised his price target to $34 from $28 on shares. The analyst said RSP entered 2016 with a strong liquidity position allowing the company to weather the impact of lower commodity prices. Singer expects a reacceleration in drilling activity in 2017 to ease leverage and for potential accretive bolt-on acquisitions resource base expansion to support shares.
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