Pritchard Cuts Venoco (VQ) to Neutral Following 'Go Private' Offer

January 17, 2012 2:44 PM EST
Get Alerts VQ Hot Sheet
Price: $12.49 --0%

Rating Summary:
    3 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Pritchard Capital downgraded shares of Venoco (NYSE: VQ) from Buy to Neutral Tuesday. The firm reduced its price target from $15 to $12.

The downgrade follows news of a $12.50 per share "go private" deal from its former CEO. The stock is up more than 30 percent this afternoon.

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


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