Carrizo Oil & Gas (CRZO -3%) is cut to Hold from Buy at KeyBanc, which views CRZO's lack of...

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

Carrizo Oil & Gas (CRZO -3%) is cut to Hold from Buy at KeyBanc, which views CRZO's lack of capital discipline as harmful to value creation and the resulting free cash flow deficits it forecasts through 2014 exposing it to excess risk in the event of a depressed commodity price environment given an already over-leveraged balance sheet.