Forest Oil (FST +3.5%) is upgraded to Equalweight from Underweight at Morgan Stanley. Analyst...

|About: Forest Oil Corporation (FST)|By:, SA News Editor

Forest Oil (FST +3.5%) is upgraded to Equalweight from Underweight at Morgan Stanley. Analyst Drew Venker says "the unpredictable nature of the divestiture process" makes him uncomfortable taking an Overweight stance ahead of a possible Texas Panhandle asset sale (previous). Venker says $750M in proceeds from a potential sale implies "fair value based on [an] NAV analysis." Others have the deal bringing between $900M-1B.