By: Benzinga
November 21, 2012 at 07:11 AM EST
UPDATE: Deutsche Bank Initiates Pioneer Natural Resources at Buy on Shale Exposure
Deutsche Bank initiated coverage on Pioneer Natural Resources (NYSE: PXD ) with a Buy rating and a $120 price target. Deutsche Bank commented, "Driven by its predominantly oil & liquids Permian Basin and Eagle Ford shale plays, we project Pioneer will post aboveaverage production growth near term with above-average
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