Southwestern Energy (SWN -1.6%) is downgraded to Hold from Buy at Dahlman Rose on concern about...

|About: Southwestern Energy Co. (SWN)|By:, SA News Editor

Southwestern Energy (SWN -1.6%) is downgraded to Hold from Buy at Dahlman Rose on concern about an expected 2% decline in Fayetteville production in 2013 (~75% of total production) after shares outperformed gassy peers in 2012 (up 2% vs. down 38%). The firm says the decline of the key asset and an increased reliance on Marcellus to drive production growth will pressure shares.