Rex Energy Announces Addition to Board of Directors

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Northland Capital Markets Reiterates Outperform on Rex Energy (REXX) Ahead of Divestitures

May 28, 2015 9:35 AM EDT

Northland Capital Markets reiterates an Outperform rating and $7.00 price target on REX Energy (NASDAQ: REXX) saying that the planned divestitures will meaningfully improve REXX's financial position.

Analyst Jeff Grampp commented, "Rex plans to divest non-core assets that do not fit into its long-term... More