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

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.
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