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Concho Resources (CXO) +2.7% premarket after Deutsche Bank upgrades shares to Buy from Hold,...

Concho Resources (CXO) +2.7% premarket after Deutsche Bank upgrades shares to Buy from Hold, believing CXO has underperformed peers YTD on valuation concerns and rising costs, but "this has overshadowed upside drivers in Delaware Basin performance, emerging/improving plays... and potential for accretive acquisitions."
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