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XEC - Concho Cimarex upgraded at BofA on improving oil price outlook
Cimarex Energy Co
Concho Resources (CXO+1.9%) moves higher after Bank of America upgrades shares to Buy from Neutral with a $70 price target and raises Cimarex Energy (XEC+2.3%) to Neutral with a $33 target, saying it favors large-cap stocks that are "leveraged to a faster recovery in oil prices."
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