KLR Group Upgrades Rosetta Resources (ROSE) to Hold

KLR Group upgraded Rosetta Resources (NASDAQ: ROSE) from Reduce to Hold with a price target of $19.00 (from $18.00).

Analyst John Gerdes commented, "We are upgrading ROSE from Reduce to Hold and increasing our target price $1 to $19 per share following minor model refinements. Since our April 20 downgrade, ROSE has depreciated ~20% and underperformed the sector by ~15%. We are upgrading ROSE to Hold as the stock price reflects our target price. Our ’15 production expectation of ~62.3 Mboepd is fractionally above company guidance (58-62 Mboepd)."

For an analyst ratings summary and ratings history on Rosetta Resources click here. For more ratings news on Rosetta Resources click here.

Shares of Rosetta Resources closed at $19.10 yesterday.

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