EPL Oil & Gas (EPL +2%) is raised to Buy from Accumulate with a $28 price target (from $25)...

|About: EPL Oil & Gas, Inc. (EPL)|By:, SA News Editor

EPL Oil & Gas (EPL +2%) is raised to Buy from Accumulate with a $28 price target (from $25) at Global Hunter, which cites EPL's opportune hedging of Brent-linked crude at prices above $100/bbl and above the firm's $95/bbl blended realization estimate. The firm also sees EPL's 2013 drilling expectations as conservative, offering additional potential upside for shares.