Continental Resources (CLR) IV comes in on more calls than puts after take private offer
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Wells Fargo Downgrades Continental Resources (CLR) to Equal Weight
June 15, 2022 6:44 AM EDTWells Fargo analyst Nitin Kumar downgraded Continental Resources (NYSE: CLR) from Overweight to Equal Weight with a price target of $82.00.
The analyst comments "Moving to the sidelines on low probability of a competing bid. We believe investors expect that the special committee of independent CLR Board members will find a competing (and potentially higher) bid for the ~17% shares or even the entire company.... More
JPMorgan on Continental Resources (CLR) Go-Private Offer: 'we see the initial offer for CLR as low'
June 14, 2022 2:08 PM EDTJPMorgan analyst Arun Jayaram comments Continental Resources (NYSE: CLR) writing "Earlier today, the Hamm family made a $70 per share offer to take CLR private. Against this backdrop, we thought it would be helpful to update our valuation data for current prices, with CLR's... More
Continental Resources (CLR) PT Raised to $78 at Credit Suisse, 'Shareholders will likely want a higher valuation more in line with peers'
June 14, 2022 2:04 PM EDTCredit Suisse analyst William Janela raised the price target on Continental Resources (NYSE: CLR) to $78.00 (from $64.00) while maintaining a Neutral rating.
The analyst comments "Shareholders will likely want a higher valuation more in line with peers. At $70/share, the offer price... More
