Goldman Sachs Initiates PDC Energy With Conviction Buy

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Analysts at Goldman Sachs initiated coverage on PDC Energy Inc PDCE with a Conviction Buy rating. The target price for PDC Energy is set to $77. PDC Energy shares have dropped 10.33 percent over the past 52 weeks, while the S&P 500 index has surged 12.61 percent in the same period. PDC Energy shares rose 0.40 percent to close at $55.06 on Friday.
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