SandRidge Energy downgraded to Underweight from Overweight at JPMorgan JPMorgan downgraded SandRidge Energy two notches to Underweight citing financial risk given the company's spending. The firm thinks TPG has a chance of winning its consent solicitation, and believes shares would rally if it were to happen. However, JPMorgan says SandRidge shares would likely decline substantially should TPG lose. The firm lowered its price target for shares to $5 from $9.50.
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