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Forest Oil (FST -6.8%) is downgraded to Hold from Buy at Stifel Nicolaus, based on concern about...
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Monday, July 2, 2012, 11:51 AM ETForest Oil (FST -6.8%) is downgraded to Hold from Buy at Stifel Nicolaus, based on concern about FST's ability to turn itself around. The firm sees downside to $5/share, citing high debt levels, meaningful cash flow outspend, downside risk to 2013 estimates and pricing exposure to natural gas liquids absent a sale of the company or a commodity price recovery.
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