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Permian Resources price target raised to $18 from $17 at TD Cowen
The Fly

Permian Resources price target raised to $18 from $17 at TD Cowen

TD Cowen raised the firm’s price target on Permian Resources (PR) to $18 from $17 and keeps a Buy rating on the shares. The firm said it was a strong print underscored by a 3% oil beat versus the Street from in-line capex that continues to benefit from efficiency gains.

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