Goldman Sachs Upgrades SandRidge Energy (SD) to Neutral

November 9, 2009 7:19 AM EST

Goldman Sachs upgrades SandRidge Energy, Inc. (NYSE: SD) from Sell to Neutral, with a $13 price target.

The firm said shares now appropriately discount concerns about expected negative free cash flow in 2010 and less favorable catalysts in the near term for resource expansion in a low gas price environment.


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