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Fly News Breaks for December 5, 2016
RSPP
Dec 5, 2016 | 08:17 EDT
As previously reported, Morgan Stanley upgraded RSP Permian to Overweight from Equal Weight and raised its price target to $65 from $58. Analsyt Drew Venker said RSP trades at a significant discount to Permian peers despite superior growth, outstanding management, and substantial assets. The analyst believes the Silver Hill deal is greatly underappreciated and consensus is being overly conservative.
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