UPDATE: Wunderlich Securities Raises Price Target on Concho Resources to $129
According to Wunderlich Securities, Concho Resources (NYSE: CXO) price target is raised to $129.
Wunderlich Securities said that Concho Resources (CXO) holds a commanding land base in the Permian Basin with 533,509 net acres. “We reiterate our Buy rating on CXO shares and are raising our price target to $129 from $123.”
Concho Resources closed yesterday at $112.25.
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