Credit Suisse Downgrades Penn Virginia (PVA) to Neutral

Credit Suisse downgraded Penn Virginia (NYSE: PVA) from Outperform to Neutral with a price target of $1.00 (from $4.00).

Analyst M. Lear said they believe further capital markets activity is needed to fund drilling activity.

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

Shares of Penn Virginia closed at $0.95 yesterday.

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