Concho Resources (CXO) Update - Jan 16

[dan_s]

Concho Resources (NYSE:CXO) was upgraded by Barclays PLC (analyst Jeanine Wai) from an "equal
weight" rating to an "overweight" rating. They now have a $162.00 price target on the stock, down previously from
$171.00. They noted that the move was a valuation call. 32.3% upside from the current price of $122.43.

My valuation is $164