UPDATE: Deutsche Bank Initiates Pioneer Natural Resources at Buy on Shale Exposure
Posted on November 21, 2012 at 07:11 AM EST
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