PDC Energy (PDCE) Reports Q2 Loss of $1.28, Revenues Beat

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Macquarie Downgrades PDC Energy (PDCE) to Neutral

August 7, 2018 5:13 AM EDT

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... More