Concho Resources (CXO +0.9%) is upgraded to Buy from Neutral with a $111 target price at Goldman...

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

Concho Resources (CXO +0.9%) is upgraded to Buy from Neutral with a $111 target price at Goldman Sachs, which sees CXO as a secular winner among E&Ps due to shale scale in the Permian Basin "in early innings of a technology-driven oil growth renaissance," and its low-cost asset base. Stifel Nicolaus also lifts shares to Buy from Hold.