Berry Petroleum (BRY +6.1%) is upgraded to Buy from Neutral with a $65 price target at SunTrust...

|By:, SA News Editor

Berry Petroleum (BRY +6.1%) is upgraded to Buy from Neutral with a $65 price target at SunTrust based on plans to increase oil production by 20% and raise overall 2012 production by 8%. Analysts also say about half of BRY's oil output is priced on the heavy California market, at a premium to West Texas Intermediate, which should boost cash flows.