EV Energy shares still attractive, says Oppenheimer After EV Energy's stock sold off sharply after announcing 4Q12 results that did not include the much anticipated sale of its Utica acreage, Oppenheimer still expects the company to close on a favorable deal. The firm maintains an Outperform rating o9n the stock.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: American Tower (AMT) upgraded to Outperform from Neutral at Macquarie... Ameriprise (AMP) upgraded at Morgan Stanley... Builders FirstSource (BLDR) upgraded to Buy from Neutral at Sterne Agee... China Telecom (CHA) upgraded to Outperform from Market Perform at Bernstein... China Unicom (CHU) upgraded to Outperform from Underperform at Bernstein... Discover (DFS) upgraded to Overweight from Neutral at JPMorgan... EV Energy (EVEP) upgraded on asset sale at RBC Capital... GoPro (GPRO) upgraded to Overweight from Neutral at Piper Jaffray... Intel (INTC) upgraded on valuation at RBC Capital... Nike (NKE) upgraded to Overweight from Neutral at Piper Jaffray... Nokia (NOK) upgraded to Market Perform from Underperform at Bernstein... Rice Energy (RICE) upgraded to Buy from Neutral at Goldman... Staples (SPLS) upgraded to Buy from Hold at BB&T... Team (TISI) upgraded to Buy from Hold at BB&T... Ulta Salon (ULTA) upgraded to Overweight from Neutral at Piper Jaffray.
EV Energy upgraded on asset sale at RBC Capital As noted earlier, RBC Capital upgraded EV Energy to Outperform from Sector Perform. The firm upgraded the stock after the company recently announced the divestiture of its 21% stake in the Utica East Ohio midstream project for $575M. The firm thinks the company received an attractive price for the project ,while the deal improves the company's risk/reward profile. Target $22.