Jefferies Downgrades Forest Oil (FST) to Hold
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Price: $10.18 --0%
Rating Summary:
5 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
5 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Jefferies downgraded Forest Oil (NYSE: FST) from Buy to Hold with a price target of $13 (down from $17) citing gas prices and lower reserve growth.
The firm said ’11 and ’12 reserve growth assumptions versus their previous 3% and 6% y/y growth estimates account for another $2 NAV reduction.
For an analyst ratings summary and ratings history on Forest Oil click here. For more ratings news on Forest Oil click here.
Shares of Forest Oil closed at $12.91 yesterday.
The firm said ’11 and ’12 reserve growth assumptions versus their previous 3% and 6% y/y growth estimates account for another $2 NAV reduction.
For an analyst ratings summary and ratings history on Forest Oil click here. For more ratings news on Forest Oil click here.
Shares of Forest Oil closed at $12.91 yesterday.
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