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Permian Resources price target raised to $20 from $17 at Roth Capital

Roth Capital raised the firm’s price target on Permian Resources (PR) to $20 from $17 and keeps a Buy rating on the shares. The firm is bullish on Permian Resources due to its solid returns of capital, including dividends and buybacks, slightly higher production growth vs. peers, and discounted valuation vs. larger Permian peers.

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