By: Benzinga
February 15, 2013 at 08:24 AM EST
UPDATE: Canaccord Genuity Downgrades Pioneer Natural Resources to Sell, Raises PT on Accretive Joint Venture
In a report published Friday, Canaccord Genuity downgraded its rating on Pioneer Natural Resources (NYSE: PXD ) from Buy to Sell, and raised its price target from $109.00 to $113.00. Canaccord Genuity noted, “We are raising our target price $4 to $113/share as a consequence of the accretive joint venture
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