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Fly News Breaks for January 6, 2020
CXO
Jan 6, 2020 | 07:15 EDT
Guggenheim analyst Subash Chandra initiated coverage of Concho Resources with a Buy rating and $105 price target. Following a difficult 2019, the company's capital efficiency is set to improve in 2020 as it downsizes developments, Chandra tells investors in a research note. Smaller developments should improve cycle times and reduce the risk of outlier wells, says the analyst.
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