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

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.
Comments (1)
  • In Floyd we trust.
    15 May 2013, 03:58 PM Reply Like
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