PDC Energy recommended ahead of Utica results at SunTrust SunTrust recommends buying PDC Energy ahead of Utica test results. The firm expects positive production rates and Noble Energy's (NBL) analyst day on December 6 to boost PDC Energy shares. The firm rates PDC Energy a Buy with a $43 price target, up from $37.
PDC Energy downgraded to Accumulate from Buy at KLR Group KLR Group downgraded PDC Energy to Accumulate citing the dilutive impact of the recent equity issuance. The firm cut its price target for shares to $56 from $60.