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Rating: NFX
Buy $42

Newfield Exploration Company (NYSE: NFX) upgraded to Buy with price target $42 by Deutsche Bank

Monday,  Nov 10, 2014  1:25 PM ET by Kristen Bailey

Deutsche Bank upgraded Newfield Exploration Company (NYSE: NFX) to Buy with price target $42 with today's
price of $33.76. Deutsche Bank rated Newfield Exploration Company (NYSE: NFX) to Hold with price target $33 on 12/09/2013, when the price was $24.14. Newfield Exploration Company's stock price gained 40% since then.

Newfield Exploration Company explores, develops and acquires oil and natural gas properties primarily in the Gulf of Mexico. The company plans to continue to expand its reserve base and increase cash flow through the exploration and development of existing properties and the acquisition of proved properties with drilling upside. The company emphasizes: reserve growth through exploratory drilling, balance between exploration and the acquisition and exploitation of proved properties, strong geographic focus, control of operations/low cost structure, and use of 3-D seismic.

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.



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