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Laredo Petroleum +4.4% after SunTrust upgrades to Buy

Apr. 02, 2014 2:59 PM ETVital Energy, Inc. (VTLE) StockVTLEBy: Carl Surran, SA News Editor
  • Laredo Petroleum (LPI +4.4%) is upgraded to Buy from Neutral with a $36 price target, up from $29, at SunTrust.
  • The firm upgrades shares based on valuation and catalysts that include lower well estimates, a successful horizontal test of Spraberry, and achieving guidance.

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