Kosmos Energy surges 7% on RBC upgrade

• Kosmos Energy (KOS +6.8%) is upgraded to Outperform from Sector Perform with a $17.50 price target, up from $12, at RBC Capital after its recent Q3 earnings beat.
• RBC says KOS offers a rare combination of reserves, production, cash flow and a high-risk high-reward drilling campaign, which should lure investors that have been put off international E&P by a dearth of exploration success and weak oil prices.