UPDATE: Wunderlich Securities Raises Price Target on Concho Resources to $129

According to Wunderlich Securities, Concho Resources 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.