Forest Oil (FST) is upgraded to Buy from Hold at Canaccord, which notes the underperforming...

|About: Forest Oil Corporation (FST)|By:, SA News Editor

Forest Oil (FST) is upgraded to Buy from Hold at Canaccord, which notes the underperforming stock now offers a 50%-plus potential return to its $12 target price. The firm believes FST is close to finalizing an Eagle Ford JV, which it sees as the most productive oil asset in FST's portfolio and leading to a meaningful uplift in share prices. FST +4.2% premarket.