Pioneer Natural Resources (PXD) Upside Will Be Limited - Citi

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Citi Downgrades Pioneer Natural Resources (PXD) to Neutral

October 12, 2022 5:46 AM EDT

Citi analyst Scott Gruber downgraded Pioneer Natural Resources (NYSE: PXD) from Buy to Neutral with a price target of $240.00 (from $257.00).

The analyst commented, "We continue to view PXD as having an advantaged inventory position, however recent modeling changes suggests upside from here... More