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Goldman Sachs (GS) upgrades EXCO Resources Inc. (NYSE: XCO)
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Analyst Ratings
Posted on 02/09/10 at 10:28am by Daniel James Hayden IV
Goldman Sachs (NYSE: GS) upgraded the shares of oil and natural gas exploration firm EXCO Resources Inc. (NYSE: XCO) from Neutral and put them on its on Americas Buy list.
Goldman Sachs analysts said that the stock's recent decline provides, "another good entry point for shares of a company with high quality Haynesville Shale acreage, exposure to Marcellus Shale drilling and a potential joint venture in the Marcellus."
Shares of the stock were up over 3.5% during pre-market trading.
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