Raymond James analyst John Freeman raised the firm’s price target on EOG Resources (EOG) to $167 from $156 and keeps a Strong Buy rating on the shares. EOG posted strong Q3 results posting a slight beat on production volumes and topline beats to earnings metrics, the analyst tells investors in a research note. EOG also continues to post solid results in the Utica, as a result the firm is electing to attribute more value to the region in its terminal cash flow.
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