Cowen Downgrades Denbury Resources (DNR) to Underperform
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UPDATE: UBS Downgrades Denbury Resources (DNR) to Sell
September 8, 2015 8:02 AM EDT(Updated - September 8, 2015 9:05 AM EDT)
UBS downgraded Denbury Resources (NYSE: DNR) from Neutral to Sell and lowered their price target to $3 (from $3.50), citing a premium valuation despite below-average debt-adj growth and higher leverage.
Analyst William Janela commented, "Under our revised oil... More
Credit Suisse Downgrades Denbury Resources (DNR) to Underperform
September 8, 2015 7:28 AM EDTCredit Suisse downgraded Denbury Resources (NYSE: DNR) from Neutral to Underperform with a price target of $1.00 (from $6.00).
Analyst Edward Westlake cited concerns on how the company will be able to navigate a lower for longer crude price environment on several fronts; leverage,... More
