Deutsche Bank Downgrades Continental Resources (CLR) to Hold

Deutsche Bank downgraded Continental Resources (NYSE: CLR) from Buy to Hold.

Analyst Josh Silverstein said, "Although we have favored the Anadarko Basin over the past two years, we are reducing our exposure as 2017 shifts more into development mode. 2016 was a significant year for delineation, down spacing, and exploration catalysts (Osage, Oswego), and we do not see 2017 as robust, moving us to reduce CLR to HOLD."

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

Shares of Continental Resources closed at $56.57 yesterday.

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