InterOil (IOC -10%) shares are slammed after Raymond James cuts its rating to Market Perform...

|About: InterOil Corporation (IOC)|By:, SA News Editor

InterOil (IOC -10%) shares are slammed after Raymond James cuts its rating to Market Perform from Outperform, citing Papua New Guinea's six-month postponement of its general election. The move is a major setback, given IOC's prior insistence that the election would be a catalyst for getting LNG project approval from the government.