Scotiabank Downgrades Cimarex Energy to Sector Underperform
Scotiabank analyst Paul Cheng downgrades Cimarex Energy (NYSE:XEC) from Sector Perform to Sector Underperform.
B of A Securities Upgrades Cimarex Energy to Buy
B of A Securities analyst Doug Leggate upgrades Cimarex Energy (NYSE:XEC) from Neutral to Buy.
Morgan Stanley Upgrades Marathon Oil & Occidental Petroleum, Calls ConocoPhillips ‘Quality Stock On Sale’
Crude oil prices hit multi-year highs this week above $70 pre barrel on optimism surrounding summer reopening and travel demand.
On Friday, one Wall Street analyst adjusted his oil stock coverage ahead of what could be a big summer for oil stocks.
The Analyst: Morgan Stanley analyst Devin McDermott issued the following oil stock rating changes:
10 Biggest Price Target Changes For Friday
Piper Sandler raised Adobe Inc. (NASDAQ: ADBE) price target from $570 to $600. Adobe shares rose 3.3% to $569.50 in pre-market trading.
Morgan Stanley Downgrades Cimarex Energy to Equal-Weight, Lowers Price Target to $68
Morgan Stanley analyst Devin McDermott downgrades Cimarex Energy (NYSE:XEC) from Overweight to Equal-Weight and lowers the price target from $79 to $68.
UBS Downgrades Cimarex Energy to Neutral, Lowers Price Target to $83
UBS analyst Lloyd Byrne downgrades Cimarex Energy (NYSE:XEC) from Buy to Neutral and lowers the price target from $91 to $83.