Magnum Hunter Resources (MHR) shares reached a four-month high as Credit Suisse initiated...

|About: Magnum Hunter Resources Corp. (MHRCQ)|By:, SA News Editor

Magnum Hunter Resources (MHR) shares reached a four-month high as Credit Suisse initiated coverage with a Buy rating and a $6 price target, based on expectations MHR's recent focus on its Eagle Ford and Three Forks assets will to lead sector-beating production and cash-flow growth.