UPDATE: Canaccord Genuity Upgrades SandRidge Energy

According to a research report published this morning, Canaccord Genuity has upgraded SandRidge Energy

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.