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A Texas unicorn preps for a rare oil IPO

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KLR Group Raises Price Target on RSP Permian (RSPP) Following Delaware Acquisition

October 18, 2016 8:06 AM EDT

KLR Group reiterated a Buy rating on RSP Permian, Inc. (NYSE: RSPP), and raised the price target to $55.00 (from $52.00), following the company's Delaware acquisition. The transaction adds ~41k net acres in the Delaware Basin to RSPPs portfolio and ~15 MBoepd (~69% oil) of... More