Deutsche Bank Initiates Hold, Target of $17 on Kosmos Energy

Deutsche Bank initiates coverage on Kosmos Energy Ltd

with a Hold rating and a $17 price target. Deutsche Bank says, “Global deep-water exploration momentum remains strong, with multiple prolific basins emerging in the past five years. …Diminishing materiality of exploration and a shift to development leave KOS' performance increasingly dependent on crude.” KOS closed at $13.08 per share on Friday.