Permian is 'Gift That Keeps Giving', DB Raises Cimarex Energy (XEC) PT to $99

Go back to Permian is 'Gift That Keeps Giving', DB Raises Cimarex Energy (XEC) PT to $99

FBR Capital Downgrades Cimarex Energy (XEC) to Market Perform

March 20, 2013 6:48 AM EDT

FBR Capital downgraded Cimarex Energy (NYSE: XEC) from Outperform to Market Perform with a price target of $72.00 saying key catalysts have played out.

The analyst notes: "Our investment thesis on the company had centered on three main points: (1) pending infrastructure growth will help Midland... More