Halcon Resources (HK +2.8%) is upgraded to Buy from Hold with an $8.50 price target at Stifel...

|About: Halcon Resources Corporation (HK)|By:, SA News Editor

Halcon Resources (HK +2.8%) is upgraded to Buy from Hold with an $8.50 price target at Stifel Nicolaus, as share underperformance has created an attractive entry point. Organic driven growth should be more accretive to value creation than the acquisition-driven growth so far, and resource results should help firm up the underlying NAV, which is almost double where HK now trades, the firm says.