Jefferies Upgrades SM Energy (SM) to Buy
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Price: $33.75 +4.10%
Rating Summary:
23 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
23 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies upgraded SM Energy (NYSE: SM) from Hold to Buy with a price target of $114 (up from $73)
The firm states, "Major unknowns resolved revealing an entity with multiple growth platforms, ample liquidity and a valuation deficit."
The firm raised FY11 EPS from $2.11 to $2.84 and FY12 from $3.30 to $4.86.
For more ratings news on SM Energy click here and for the rating history of SM Energy click here.
Shares of SM Energy closed at $83.08 yesterday.
The firm states, "Major unknowns resolved revealing an entity with multiple growth platforms, ample liquidity and a valuation deficit."
The firm raised FY11 EPS from $2.11 to $2.84 and FY12 from $3.30 to $4.86.
For more ratings news on SM Energy click here and for the rating history of SM Energy click here.
Shares of SM Energy closed at $83.08 yesterday.
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