- Praise continues to roll in for Concho Resources' (CXO +1.6%) ambitious growth plan announced last week, as Canaccord is the latest firm to upgrade shares.
- In raising its rating to Buy from Hold with a $130 price target, up from $101, the firm says it appreciates CXO's plan to advance NAV with its rich inventory of locations across the Permian and its intention to provide near-term visibility of the plan by disclosing quarterly guidance going forward.
- SunTrust also raises shares to Buy from Neutral, and lifts its price target to $145 from $110, on the stronger growth outlook and deeper Midland Basin inventory following industry Upper Spraberry and Wolfcamp D tests.
From other sites
at 4-traders.com (Mon, 5:20PM)
CONCHO RESOURCES : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)at 4-traders.com (Mon, 5:04PM)
Concho Resources : Reports First Quarter 2015 Results and Raises Full-Year 2015 Production Growth Targetat 4-traders.com (Mon, 4:31PM)
at MarketWatch.com (Jan 14, 2015)
at Investor's Business Daily (Jan 12, 2015)
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