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UPDATE: JP Morgan Raises PT to $122 on Continental Resources on NAV Update

Related CLR
Earnings Scheduled For August 5, 2014
UPDATE: Bank Of America Reiterates On Continental Resources As Management Targets Appear Out Of Date

JP Morgan maintained Continental Resources (NYSE: CLR) with a Neutral and raised the price target from $118.00 to $122.00.

JP Morgan commented, "We are updating our NAV and earnings estimates based on the latest operations and financial press release. Next week, CLR will be reporting its 4Q12 earnings. Increasing price target. We are increasing our Dec-13 price target to $122/share from $118/share, which is 100-105% of our NYMEX NAV at YE13, in line with where our group is trading relative to current NYMEX NAV."

Continental Resources closed at $83.88 on Friday.

Posted-In: JP MorganAnalyst Color Price Target Intraday Update Analyst Ratings

 

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