Canaccord Genuity Downgrades Nexen Inc. (NXY) to Sell

July 23, 2012 3:33 PM EDT
Get Alerts NXY Hot Sheet
Price: $27.41 --0%

Rating Summary:
    3 Buy, 6 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Canaccord Genuity downgraded Nexen Inc. (NYSE: NXY) from Buy to Sell.

The new sell rating follows news CNOOC (NYSE: CEO) has offered to acquire Nexen for $27.50 per share. Nexen shares are up more than 52 percent at last check.

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


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