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Fly News Breaks for October 17, 2016
RSPP
Oct 17, 2016 | 09:26 EDT
As previously reported, Stephens analyst Will Green upgraded RSP Permian to Overweight from Equal Weight after the company announced its entry into the Delaware with the acquisition of Silver Hill Energy Partners for $2.4B in cash and stock. While the acquisition will take some time to digest, build-out and accelerate, the analyst is confident that RSP Permian's leading edge operations in the Midland Basin can translate well in the Delaware. He also raised his price target on the shares to $50 from $37.
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