Resolute Energy (REN +5.5%) is upgraded to Buy from Hold with a $13 price target (from $10) at...


Resolute Energy (REN +5.5%) is upgraded to Buy from Hold with a $13 price target (from $10) at Wunderlich, which notes REN has been busy acquiring assets in the Permian Basin whose horizontal potential provides significant potential upside. But if results don't pan out, the firm thinks the assets are strong from a vertical perspective and should drive nice growth going forward.

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