Deutsche Bank Downgrades SM Energy (SM) to Hold
Tweet
Share
E-mailGet Alerts SM Hot Sheet
Price: $48.09 +0.10%
Rating Summary:
17 Buy, 19 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
17 Buy, 19 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Deutsche Bank downgraded SM Energy (NYSE: SM) from Buy to Hold with a price target of $62.00 (from $62.00).
The firm comments, "At SM, after some operational missteps in 1H12 operating trends have improved but we have less conviction in the 2013 outlook. We are wary of NGL exposure into 1H13. In both cases we take the opportunity to take a fresh look at our ratings skew into 2013."
For an analyst ratings summary and ratings history on SM Energy click here. For more ratings news on SM Energy click here.
Shares of SM Energy closed at $50.07 yesterday.
The firm comments, "At SM, after some operational missteps in 1H12 operating trends have improved but we have less conviction in the 2013 outlook. We are wary of NGL exposure into 1H13. In both cases we take the opportunity to take a fresh look at our ratings skew into 2013."
For an analyst ratings summary and ratings history on SM Energy click here. For more ratings news on SM Energy click here.
Shares of SM Energy closed at $50.07 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
- DoorDash (DASH) Appoints Jeffrey Blackburn to its Board
- Badger Meter (BMI) PT Raised to $184 at Deutsche Bank
Create E-mail Alert Related Categories
DowngradesRelated Entities
Deutsche BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
