Mizuho analyst Nitin Kumar raised the firm’s price target on Callon Petroleum to $59 from $54 and keeps a Buy rating on the shares ahead of the Q2 results. Given the anticipated early Q3 close of the Percussion acquisition and Eagle Ford divestiture, the focus of the earnings call will be the post-deal outlook, the analyst tells investors in a research note. The firm raised the price target to o incorporate the deals.
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