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XEC - Cimarex upped to Buy at SunTrust as Permian presence not fully reflected
Cimarex Energy Co
Cimarex Energy's (XEC+0.2%) trend of development weighted increasingly to the Permian Basin likely will continue over the coming years and should bring the company's stock valuation closer to its Permian-weighted peers, SunTrust Robinson Humphrey says in upgrading shares to Buy from Hold and raising its price target to $85 from $75.
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