Anadarko Petroleum upgraded to Focus Stock at Scotia Howard Weil

• Anadarko Petroleum (APC +2.5%) is upgraded to Focus Stock from Outperform with a $93 price target at Scotia Howard Weil, citing APC's penchant to divest and acquire at opportune times with one of the most capable managements in the business.
• Weil expects APC's onshore portfolio may decline slightly, but only because of management's discretion not to grow in a challenging crude environment.
• APC holds a resilient portfolio with the Wattenberg and Permian likely to encapsulate most of 2016's onshore budget, the firm adds.