Pioneer Natural price target raised to $282 from $230 at Scotiabank

Scotiabank analyst Paul Cheng raised the firm’s price target on Pioneer Natural to $282 from $230 and keeps a Sector Perform rating on the shares. The target change reflects the firm’s newly published commodity price deck, in which it raised its near- and long-term oil price outlook, as well as valuations across multiple metrics, the analyst tells investors.