Halcon Resources moving towards selling company, says BMO Capital After meeting with Halcon's management, BMO Capital believes that the path to the sale of the company is visible, and movement towards a deal is accelerating. The firm maintains an Outperform rating on the stock.
News For HK From The Last 14 Days
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On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Aeropostale (ARO) upgraded to Outperform from Market Perform at BMO Capital... Gap (GPS) upgraded to Buy from Neutral at Citigroup... PS Business Parks (PSB) upgraded to Market Perform from Underperform at BMO Capital... Redwood Trust (RWT) upgraded to Outperform from Market Perform at FBR Capital... Regal-Beloit (RBC) upgraded to Outperform from Neutral at Credit Suisse... Unilever (UN) upgraded to Buy from Reduce at Nomura... Prudential (PRU) upgraded to Buy from Hold at Argus... Inergy, L.P. (NRGY) upgraded to Overweight from Neutral at JPMorgan... Noble Energy (NBL) upgraded to Buy from Hold at Stifel... Halcon Resources (HK) upgraded to Buy from Hold at Stifel.
Halcon Resources upgraded to Buy from Hold at Stifel Stifel upgraded Halcon based on relative valuation and expectations for strong organic production growth and meaning resource test results for the remainder of 2013. Price target is $8.50.