Denbury Resources named a trading buy at Credit Suisse Credit Suisse recommends buying Neutral rated Denbury Resources for a trade into the Holiday season. The firm sees upside from its $500M buyback program, a strong start to Q4, reduced tax implications from Bakken sale, and focus on PDP transactions. Price target is $18.50.
Denbury Resources downgraded to Neutral at RW Baird Baird downgraded Denbury Resources to Neutral from Outperform following a transfer of coverage, citing operational challenges and macro headwinds in the crude market. Baird lowered its price target on Denbury Resources to $16 from $19.