Pioneer Natural Resources (PXD -1.9%) is downgraded to Equal Weight from Overweight with a $109...

|About: Pioneer Natural Resources C... (PXD)|By:, SA News Editor

Pioneer Natural Resources (PXD -1.9%) is downgraded to Equal Weight from Overweight with a $109 price target by Barclays, which believes strong operational momentum and expected top-quartile DAPPS growth are reflected in the ~25% premium valuation.