Concho Resources Inc. Reports Third Quarter 2016 Results

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Go back to Concho Resources Inc. Reports Third Quarter 2016 Results

KLR Group Raises Price Target on Concho Resources (CXO) to $172

November 10, 2016 8:40 AM EST

KLR Group reiterated an Accumulate rating on Concho Resources (NYSE: CXO), and raised the price target to $172.00 (from $157.00), due to lower costs.

Analyst John Gerdes commented, "We are increasing our CXO target price $15 to $172 per share due to ~10% lower capital intensity and lower operating... More