Credit Suisse Downgrades Sanchez Energy (SN) to Neutral
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Credit Suisse downgraded Sanchez Energy (NYSE: SN) from Outperform to Neutral with a price target of $8.00 (from $10.00) after lowering their LT WTI forecast from $67.50/bbl to $62.50. Shares have also outperformed the XOP by 57%.
Shares of Sanchez Energy closed at $7.71 yesterday.
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