Berry Petroleum (BRY -2.5%) is downgraded to Hold from Buy at Wunderlich following its Q3...


Berry Petroleum (BRY -2.5%) is downgraded to Hold from Buy at Wunderlich following its Q3 earnings miss. The firm says while 2013 projected capex of $500M-$600M is lower than expected, sequential production growth of 5%-10% is well below its 14% forecast. The firm likes BRY's asset base but is cautious that operational issues could continue to hamper growth.

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