Anadarko price target raised to $120 from $110 at Guggenheim Guggenheim raised Anadarko's (APC) price target to $120 from $110 to reflect the potential settlement with Tronox (TRNX) of less than $7 per shares. The analyst believes a major overhang ans been removed and that investors will have a renewed focus on the underlying E&P business. Shares are Buy rated.
News For APC From The Last 14 Days
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Anadarko downgraded to Market Perform from Outperform at Bernstein Bernstein downgraded Anadarko to Market Perform citing valuation and expectations for lower crude prices throughout the year. The firm keeps a $107 price target for shares.