Global Hunter Cuts Magnum Hunter (MHR) to Accumulate

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November 10, 2011 2:28 PM EST
Get Alerts MHR Hot Sheet
Price: $0.15 --0%

Rating Summary:
    4 Buy, 15 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Global Hunter Securities' Philip McPherson downgraded shares of Magnum Hunter (NYSE: MHR) from Buy to Accumulate in a mid-day research note Thursday. The analyst reduced his price target on the stock from $6.50 to $6.

The company reported Q3 results Wednesday morning. Shares fell nearly 11 percent on the news, but are bouncing modestly this afternoon, currently up about 2 percent.

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

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