BofA/Merrill Lynch Upgrades Athlon Energy (ATHL) to Buy

BofA/Merrill Lynch upgraded Athlon Energy (NYSE: ATHL) from Neutral to Buy with a price target of $60.00 (from $54.00).

Analyst Jason Smith sees a host of catalysts ahead as the company continues to ramp its horizontal drilling program. In addition, they believe that significant upside to type curves, likely updated with YE reserves, could drive street production and NAV estimates higher.

For an analyst ratings summary and ratings history on Athlon Energy click here. For more ratings news on Athlon Energy click here.

Shares of Athlon Energy closed at $45.18 yesterday.

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