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Fly News Breaks for February 21, 2017
VNOM
Feb 21, 2017 | 06:22 EDT
Raymond James anlasyt John Freeman upgraded Viper Energy to Strong Buy from Market Perform and established a $23 price target saying the market should be too preoccupied with "weak" 2017 guidance. Freeman has increased confidence Viper can outperform significantly following additional clarity into the company's drilling inventory resulting in a doubling of tier-1 Spanish Trail locations, increased visibility into accretive dropdowns/acquisitions, and views Viper as a potential candidate to be added to the Alerian MLP index later this year.
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