Barclays Starts Concho Resources (CXO) at Equalweight

Barclays analyst Jeanine Wai initiates coverage on Concho Resources (NYSE: CXO) with a Equalweight rating and a price target of $156.00.

The analyst launches N. American E&Ps with a Positive view as her work suggests that E&Ps have reached an inflection point on improving corporate/return metrics.

For an analyst ratings summary and ratings history on Concho Resources click here. For more ratings news on Concho Resources click here.

Shares of Concho Resources closed at $137.36 yesterday.

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