By: Benzinga
UPDATE: Credit Suisse Initiates Concho Resources at Neutral; Growth Priced In
Credit Suisse initiated coverage on Concho Resources (NYSE: CXO ) with a Neutral rating and a $94.00 price target. Credit Suisse commented, "We initiate coverage of Concho with a Neutral rating and a target price of $94, assuming parity with our NAV. CXO has utilized an acquisition strategy to build
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