Wells Fargo upgraded Pioneer Natural to Equal Weight from Underweight with a price target of $220, down from $225. The firm said that Pioneer shares are down 12% since Wells’ initiation coverage in January and have underperformed the XOP by 8% during the same period. Wells Fargo added that corrective actions by management to address productivity issues, Q4 results, and recent share price fall have meaningfully de-risked the stock.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PXD:
- Pioneer Natural price target lowered to $241 from $283 at Bernstein
- Pioneer Natural says ‘not contemplating a significant business combination’
- Pioneer Natural upgraded to Buy from Hold at Tudor Pickering
- Pioneer Natural price target lowered to $229 from $243 at Truist
- Pioneer Natural price target lowered to $266 from $286 at Susquehanna
