Coverage of Penn Virginia (PVA +12.9%) is started at Brean Murray with a Buy rating and a $10...

|About: Penn Virginia Corporation (PVAHQ)|By:, SA News Editor

Coverage of Penn Virginia (PVA +12.9%) is started at Brean Murray with a Buy rating and a $10 price target, as the firm says proceeds from the company's anticipated Granite Wash divestiture should shift market focus from liquidity concerns to the value of its Eagle Ford acreage.