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Magnum Hunter (MHR -5%) is downgraded to Hold from Buy with a $4.50 price target, down from...

Magnum Hunter (MHR -5%) is downgraded to Hold from Buy with a $4.50 price target, down from $6.50, at Jefferies, following a reserve report which showed MHR's resources acquired and discovered are less prolific and more expensive than expected. But 2013 could be a turning point if MHR succeeds at selling high-cost properties and managing its overspending.
Comments (1)
  • The CEO of the Company knows what is best for the Company.
    25 Jan 2013, 09:31 AM Reply Like
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