Mizuho Securities Upgrades Denbury Resources (DNR) to Buy

January 16, 2018 4:13 AM EST
Get Alerts DNR Hot Sheet
Price: $0.24 --0%

Rating Summary:
    3 Buy, 15 Hold, 7 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 9 | Down: 9 | New: 35
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Mizuho Securities upgraded Denbury Resources (NYSE: DNR) from Neutral to Buy with a price target of $4.50 (from $2.00).

Analyst Tim Rezvan comments "Denbury represents pure oil "torque" with outsized exposure to resurgent Brent crude pricing. Emerging operational catalysts, buttressed by our new $60+ Brent forecast, dramatically improves the CF growth outlook and increases the chances that new tertiary projects can be developed."

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

Shares of Denbury Resources closed at $2.43 Friday.



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