Deutsche Bank Downgrades SM Energy (SM) to Hold

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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, with a 52 week range of $39.44-$84.40.

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