Macquarie Upgrades Concho Resources To Outperform

Analysts at Macquarie upgraded Concho Resources

from Neutral to Outperform. The price target for Concho Resources has been lowered from $143 to $113. Concho Resources shares have dropped 13.03% over the past 52 weeks, while the S&P 500 index has gained 14.30% in the same period. Concho Resources' shares tumbled 8.85% to close at $86.99 yesterday.