Canaccord Genuity Downgrades Talisman Energy (TLM) to Hold

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Canaccord Genuity downgraded Talisman Energy (NYSE: TLM) from Buy to Hold with a price target of $14.75.

"We now see TLM having a difficult time selling itself in light of the Petronas news, and therefore our "fixes itself or has to sell itself" thesis is not as attractive as it was to us before this past weekend," the analyst comments.

For an analyst ratings summary and ratings history on Talisman Energy click here. For more ratings news on Talisman Energy click here.

Shares of Talisman Energy closed at $13.12 yesterday, with a 52 week range of $9.46-$15.21.

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