Pioneer Natural Resources (PXD) PT Raised to $300 at BofA/Merrill Lynch
Get Alerts PXD Hot Sheet
Rating Summary:
28 Buy, 20 Hold, 5 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 9 | Down: 7 | New: 39
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BofA/Merrill Lynch analyst Doug Leggate reiterated a Buy rating and boosted his price target on Pioneer Natural Resources (NYSE: PXD) to $300.00 (from $280.00) following two days on the road with COO Tim Dove.
Leggate sees the PXD sees theenvestment case rapidly evolving from a theoretical NAV stock to a practical multi-year growth story. Geological risk is largely addressed, save for upside from ongoing appraisal drilling, the analyst said. It its place is execution risk.
For an analyst ratings summary and ratings history on Pioneer Natural Resources click here. For more ratings news on Pioneer Natural Resources click here.
Shares of Pioneer Natural Resources closed at $227.50 yesterday.
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