Bill Barrett's (BBG +6.2%) move to allow some institutional shareholders to hold up to 20% of...

|About: Bill Barrett Corporation (BBG)|By:, SA News Editor

Bill Barrett's (BBG +6.2%) move to allow some institutional shareholders to hold up to 20% of its stock, up from 15%, without trying to take over the company "adds large incremental buyers potentially," Wunderlich says. Also boosting shares is a presentation noting a new Colorado well result from a competitor; after investor skepticism, the news "makes [BBG] look a little more de-risked," SunTrust says.