By: Benzinga
UPDATE: Citigroup Reiterates Buy Rating, Raises PT on Pioneer Natural Resources on 2013 Production Guidance
In a report published Friday, Citigroup reiterated its Buy rating on Pioneer Natural Resources (NYSE: PXD ), and raised its price target from $120.00 to $148.00. Citigroup noted, “Pioneer issued 2013 production guidance of 12-16% growth (175-181 MBOE/d) while we forecast ~181 MBOE/d (including Barnett) and would note that guidance
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