UPDATE: Oppenheimer Raises PT on Pioneer Natural Resources on Valuation
August 19, 2013 at 12:12 PM EDT
In a report published Monday, Oppenheimer analyst Fadel Gheit reiterated an Outperform rating on Pioneer Natural Resources (NYSE: PXD ), and raised the price target from $170.00 to $180.00. In the report, Oppenheimer noted, “PXD has led the energy sector with a 58% gain YTD vs 25% for its peer