UPDATE: Credit Suisse Initiates Concho Resources at Neutral; Growth Priced In
Posted on February 13, 2013 at 08:04 AM EST
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