PDC Energy downgraded to Market Perform from Outperform at BMO Capital BMO Capital downgraded PDC Energy to Market Perform after the company did not raise its 2014 production guidance. BMO lowered its price target for shares to $63 from $70.
PDC Energy settlement removes legal overhang, says Wells Fargo Wells Fargo says PDC Energy's class action settlement removes a legal overhang and ongoing expenses. Wells believes the $11.5M settlement came in largely below expectations. It keeps an Outperform rating on the stock.