Pioneer Natural Resources Co. (PXD) Misses Q3 EPS by 17c

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Canaccord Genuity Downgrades Pioneer Natural Resources (PXD) to Hold

November 2, 2012 6:49 AM EDT

Canaccord Genuity downgraded Pioneer Natural Resources (NYSE: PXD) from Buy to Hold with a price target of $111.00 (from $115.00) following Q3 results.

The analyst comments: "We are lowering our rating to HOLD and reducing our target price $4 to $111 per share due to higher... More