Exco Resources (XCO +1%) is upgraded to Buy from Hold at KeyBanc, citing potential transactions...

|By:, SA News Editor

Exco Resources (XCO +1%) is upgraded to Buy from Hold at KeyBanc, citing potential transactions on the cusp of being consummated "which could provide significant catalysts for shares if executed to plan." The firm notes XCO is negotiating the sale of TGGT, its midstream asset, and is exploring a possible JV on its conventional gas assets with several interested parties.