Cabot Oil & Gas -2.2% after Raymond James downgrade

|About: Cabot Oil & Gas Corporation (COG)|By:, SA News Editor

Analyst John Freeman is still bullish on the name, but he now rates it just Outperform instead of Strong Buy. He also cuts his estimate of net asset value $27 fro $32. Today's decline has the stock at just under $24.

Among his reasons is Cabot's (COG -2.2%) recent outperformance and the idea of less NAV upside given lower natural gas price assumptions.