Legacy Reserves downgraded to Underweight from Neutral at JPMorgan JPMorgan downgraded Legacy Reserves to Underweight as it sees total return of less than 10% in 2014. The firm lowered its price target for shares to $25 from $28.
Legacy Reserves removed from Stifel Select List at Stifel Stifel removed Legacy Reserves from its Select List after lowering its long-term oil price forecast to $80 per barrel from $90 per barrel. However, the firm continues to believe that the company has a number of long-term positive catalysts, and it reiterates a Buy rating on the shares. Target to $27 from $33.