Zacks Investment Research downgraded shares of CONCHO RESOURCS (CXO) from NEUTRAL to UNDERPERFORM on January 02, 2015, with a target price of $97.80.
Concho Resources Inc. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and exploration of oil and natural gas properties. The Company's conventional operations are primarily focused in the Permian Basin of Southeast New Mexico and West Texas. In addition, the Company is involved in a number of unconventional emerging resource plays.
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