UPDATE: Cowen Securities Raises PT on Continental Resources on Further Upside

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In a report published Friday, Cowen Securities analyst Nicholas P. Pope reiterated his Buy rating on Continental Resources (NYSE: CLR), and raised his price target from $80.00 to $110.00.In the report, Pope noted, “We think shares have further upside as de-risking of the Lower Three Forks Formation(s) could add substantial additional drilling locations. With the industry's largest footprint, CLR remains our best idea to play domestic oil growth from the Williston Basin.”Continental Resources closed on Thursday at $92.29.

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