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Pioneer Natural upgraded to Buy from Neutral at Citi
The Fly

Pioneer Natural upgraded to Buy from Neutral at Citi

Citi analyst Scott Gruber upgraded Pioneer Natural to Buy from Neutral with a price target of $210, up from $193. The analyst recommends investors "focus on catalysts and quality" within exploration and production. Capital efficiency should improve for domestic E&Ps on lower service rates, and Pioneer Natural should also experience rising well productivity in the second half of the year, the analyst tells investors in a research note. Pioneer Natural is among Citi’s top picks in the sector.

Published first on TheFly

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