Seeking Alpha

QEP Resources downgraded at Deutsche Bank, shares -2.3%

  • QEP Resources (QEP -2.3%) is downgraded to Hold from Buy with a $34 price target, down from $37, at Deutsche Bank.
  • Although the firm remains fans of QEP's management and capital allocation approach, it says it can no longer construct a viable thesis of sustainable outperformance.
  • QEP has made the right moves YTD, shifting its upstream assets to oil and realizing value from the midstream business, but the asset is no longer fundamentally undervalued.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs