By: Benzinga
March 13, 2013 at 12:22 PM EDT
UPDATE: Canaccord Lowers PT on Pioneer Natural Resources on Current Valuation
Canaccord analyst John Gerdes published a report on Pioneer Natural Resources (NYSE: PXD ) that reiterated its Sell rating and lowered the price target from $113 to $112. Canaccord reported that, “We are lowering our target price $1 to $112/share due to the upsizing of the company's equity offering. Importantly,
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