Miller Energy assumed with a Buy from Hold at Brean Capital Brean Capital upgraded Miller Energy to Buy with an $8 price target after assuming coverage of the stock. The firm sees opportunity in the company's large Alaska acreage base.
Miller Energy price target lowered to $3 from $6 at Brean Capital Brean Capital cut its price target on Miller after the company reported weaker than expected results. The firm says that the company lacked productive drilling outcomes in fiscal Q2. Brean added that the company's liquidity position remains "tenuous" but it expects the company's capital position to improve next year, Brean keeps a buy rating on the stock.