By: Benzinga
UPDATE: Imperial Capital Initiates Concho Resources at Outperform
Imperial Capital initiated coverage on Concho Resources Inc. (NYSE: CXO ) with a Outperform rating and a $105.00 price target. Imperial Capital commented, "CXO is a pure-play, oil-focused Permian Basin oil and gas producer benefiting from strong production growth, long-lived reserves, a low-cost structure, and low-risk production and growth opportunities.
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