Rosetta Resources raised to Hold at KLR, reversing recent downgrade

• Rosetta Resources (ROSE +0.2%) is upgraded to Hold from Reduce with a $19 price target, up from $18, at KLR Group after shares sank 10% in the three days following disappointing Q1 results.
• KLR says ROSE has depreciated by 20% and underperformed the sector by 15% since its April 20 downgrade, and is upgrading as the stock price reflects its target price; the firm's 2015 production expectation of ~62.3M boe/day is fractionally above company guidance of 58M-62M boe/day.