SunTrust Cuts Petrohawk (HK) to Neutral Amid BHP Bid

July 15, 2011 2:35 PM EDT
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Price: $0.16 --0%

Rating Summary:
    2 Buy, 14 Hold, 6 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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An analyst at SunTrust Robinson Humphrey downgraded shares of Petrohawk (NYSE: HK) from Buy to Neutral this afternoon following news the company will be purchased by BHP Billiton (NYSE: BHP) in a massive $12.1 billion deal.

Petrohawk shares are up nearly 63 percent Friday.

For more ratings news on Petrohawk click here and for the rating history of Petrohawk click here.


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