Macquarie Downgrades PDC Energy (PDCE) to Neutral

August 7, 2018 5:13 AM EDT
Get Alerts PDCE Hot Sheet
Price: $73.85 --0%

Rating Summary:
    23 Buy, 12 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Macquarie downgraded PDC Energy (NASDAQ: PDCE) from Outperform to Neutral with a price target of $65.00 (from $68.00).

Analyst Paul Grigel cites heightened risk in Colorado for the downgrade as he seems limited ability for the equity to outperform peers until clarity improves.

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

Shares of PDC Energy closed at $61.52 yesterday.



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