UPDATE: Barclays Downgrades Questar (STR) to Equalweight; Fairly Valued at Current Levels
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Price: $25.89 --0%
Rating Summary:
2 Buy, 8 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
2 Buy, 8 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Trade STR Now!
(Updated - July 17, 2012 2:39 PM EDT)
Barclays downgraded Questar (NYSE: STR) from Overweight to Equalweight with a price target of $20.00.
Analyst, Richard Gross, said, "Post-spin of QEP Resources (NYSE: QEP), the remaining STR was a new story to investors as the Questar name had been branded as an E&P company for the last decade. Management has taken a proactive approach in educating investors about the "new" Questar and we believe the stock is fairly priced subsequent to the stock's appreciation of 46% vs. SPX of 32% since the close of the transaction."
For an analyst ratings summary and ratings history on Questar click here. For more ratings news on Questar click here.
Shares of Questar closed at $20.66 yesterday, with a 52 week range of $16.36-$21.47.
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Barclays downgraded Questar (NYSE: STR) from Overweight to Equalweight with a price target of $20.00.
Analyst, Richard Gross, said, "Post-spin of QEP Resources (NYSE: QEP), the remaining STR was a new story to investors as the Questar name had been branded as an E&P company for the last decade. Management has taken a proactive approach in educating investors about the "new" Questar and we believe the stock is fairly priced subsequent to the stock's appreciation of 46% vs. SPX of 32% since the close of the transaction."
For an analyst ratings summary and ratings history on Questar click here. For more ratings news on Questar click here.
Shares of Questar closed at $20.66 yesterday, with a 52 week range of $16.36-$21.47.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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