KeyBanc Downgrades Quicksilver Resources (KWK) to Hold
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KeyBanc downgrades Quicksilver Resources (NYSE: KWK) from Buy to Hold, citing valuation after shares met their $13 price target.
The firm said, "Year-to-date, KWK shares have appreciated ~136.6%, as compared to our large, mid and small-cap universe, which has increased 41.0% and the S&P that is up 4.6%. Given the year-to-date appreciation, as well as the Company's valuation and lack of near-term catalysts, we are lowering our rating from BUY to HOLD."
For more ratings on KWK click here.
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