Natixis Downgrades Pengrowth Energy Trust (PGH) to Neutral, M&A Might Make A Comeback
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Price: $0.73 --0%
Rating Summary:
2 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Natixis downgraded Pengrowth Energy Trust (NYSE: PGH) from Buy to Neutral.
Analyst Alain William comments "We believe that the change in the group’s status is now factored in by the market." He speculates that M&A could re-emerge citing the firms rapid deleveraging.
For an analyst ratings summary and ratings history on Pengrowth Energy Trust click here. For more ratings news on Pengrowth Energy Trust click here.
Shares of Pengrowth Energy Trust closed at $0.79 yesterday.
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