On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Aruba Networks (ARUN) upgraded to Buy from Hold at Needham... Bon-Ton Stores (BONT) upgraded to Neutral from Underperform at Credit Suisse... Dollar Tree (DLTR) upgraded to Overweight from Equal Weight at Barclays... ECA Marcellus (ECT) upgraded to Outperform from Market Perform at Raymond James... GameStop (GME) upgraded to Buy from Hold at Needham... Insulet (PODD) upgraded to Outperform from Market Perform at Raymond James... PartnerRe (PRE) upgraded to Buy from Neutral at UBS... United Continental (UAL) upgraded to Buy from Neutral at Goldman... United Financial (UBNK) upgraded to Buy from Neutral at Sterne Agee... VeriFone (PAY) upgraded to Buy from Hold at Jefferies... Yum! Brands (YUM) upgraded to Buy from Hold at Deutsche Bank... Sun Life Financial (SLF) upgraded to Sector Perform from Underperform at Scotia... ServiceSource (SREV) upgraded at CLSA... Comstock Resources (CRK) upgraded to Buy from Hold at Stifel... Cimarex Energy (XEC) upgraded to Buy from Hold at Stifel.
Comstock Resources acquires oil and gas properties in Texas for $66.5M Comstock Resources has entered into an agreement with Ursa Resources Group II to acquire 70% of its interests in certain oil and gas properties in Burleson and Washington Counties, Texas for $66.5M. The properties being acquired include one well producing 433 barrels of oil equivalent per day (227 BOED, net to the interests being acquired) and approximately 32K gross acres (20K net) that are prospective for oil in the East Texas Eagle Ford shale formation. The properties are near successful Eagle Ford shale wells drilled by other industry participants. Comstock expects to complete the acquisition during this quarter and estimates that it will drill ten operated wells on this acreage in 2014.