UPDATE: Canaccord Genuity Upgrades SandRidge Energy
According to a research report published this morning, Canaccord Genuity has upgraded SandRidge Energy (NYSE: SD) from Sell to Hold.
In the repot, Canaccord Genuity said, "We are maintaining our target price at $6/share and upgrading SD from Sell to HOLD. Since late February, SD has declined almost 30%, underperforming the E&P sector by ~10%. With minimal downside to our target, a HOLD rating is now appropriate."
SandRidge Energy closed yesterday at $6.17.
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