Pioneer Natural Resources (PXD, $129.26) gets rating upgrade and price target hike from Mizuho Securities analyst
Shares of Pioneer Natural Resources received an upgrade from Mizuho Securities analyst, who also hiked his price target on the stock.
Mizuho analyst Paul Sankey upgraded his rating to “buy” from “neutral” on the hydrocarbon exploration company’s shares, and raised his price target to $191 from $168 – representing a more than 50% upside from Wednesday's close price of the stock.
Sankey indicated that the company is focusing on sustainable free cash flow growth and has made major progress on cost cuts this year.
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an oil and gas exploration and production company
Industry OilGasProduction
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