Anadarko Petroleum (APC) +1% premarket after shares are upgraded to Outperform at Credit Suisse,...

|About: Anadarko Petroleum Corporation (APC)|By:, SA News Editor

Anadarko Petroleum (APC) +1% premarket after shares are upgraded to Outperform at Credit Suisse, which says APC has been trading at a "wide discount to intrinsic value" because of its role as a joint owner in BP's Macondo well leak in 2010 and because of litigation surrounding Tronox. "There are signs that a reasonable settlement [with Tronox] can be reached," the firm says.