Denbury Resources price target raised to $23 from $21 at RW Baird Baird raised its price target on Denbury Resources following the company's update on its proven reserves. The firm cited its solid tertiary execution as reaffirming its thesis of Denbury remaining a top idea for long-term oil exposure. Shares are Outperform rated.
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.