Callon to Acquire Carrizo in All-Stock Transaction
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Callon Petroleum (CPE) PT Lowered to $11 at Oppenheimer
July 17, 2019 8:19 AM EDTOppenheimer analyst Tim Rezvan lowered the price target on Callon Petroleum (NYSE: CPE) to $11.00 (from $13.00) while maintaining an Outperform rating following the Carrizo acquisition.
Deal accretion appears real and readily attainablelower PT on conservatism, reflecting the potential for a more measured... More