UPDATE: Morgan Stanley Downgrades Bonanza Creek Energy to Equal-Weight; Balanced Risk/Reward

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Morgan Stanley says it downgrades Bonanza Creek Energy
BCEI
to Equal-weight from Overweight and maintains its price target on shares at $22. Morgan Stanley notes, "BCEI has established itself as a solid operator, posting good results. Yet we think stock has limited upside relative to peers, as its Niobrara inventory appears to be largely priced in." BCEI closed at $19.98 on Monday.
Posted In: Analyst ColorPrice TargetReiterationPre-Market OutlookAnalyst RatingsMorgan Stanley
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