Canaccord Genuity Reiterates a 'Buy' on Bill Barrett (BBG); Raising Target & Estimates Following Investor Meetings

Canaccord Genuity reiterates a 'Buy' on Bill Barrett (NYSE: BBG) price target raised $4 to $65.

Canaccord analyst, John Gerdes, said, "We reiterate our rating and believe events over the next few months – including the potential release of Uinta Basin locations/estimated recoveries, ’12 operational/financial guidance and DJ/Powder River Basin horizontal well results – should serve as meaningful positive catalysts for the shares."

For an analyst ratings summary and ratings history on Bill Barrett click here. For more ratings news on Bill Barrett click here.

Shares of Bill Barrett closed at $32.95 yesterday.

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