Concho Resources (CXO +3.2%) is upgraded to Outperform with a target price range of $110-$120,...

|About: Concho Resources Inc. (CXO)|By:, SA News Editor

Concho Resources (CXO +3.2%) is upgraded to Outperform with a target price range of $110-$120, up from $90-$100, at Wells Fargo. "Continued execution in the Permian, strong growth within cash flow, and recent underperformance make this a very attractive name in the midcap space," the firm writes.