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UPDATE: Dahlman Rose Reduces PT to $35 on Energy XXI on Increased Growth Confidence

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Dahlman Rose reiterates its Buy rating on Energy XXI (NASDAQ: EXXI) but lowers its price target from $44 to $35.

Dahlman Rose notes, "We are maintaining our Buy rating following yesterdays analyst day given increased confidence in its growth profile and solid support from its proved reserves. However, adjusting for the current price deck, we are lowering our target to $35 (from $44) which still provides 23% upside."

EXXI closed at $28.62 on Tuesday.

Latest Ratings for EXXI

DateFirmActionFromTo
Nov 2015FBR CapitalDowngradesMarket PerformUnderperform
Jul 2015KeyBancMaintainsOverweight
Mar 2015Canaccord GenuityMaintainsBuy

View More Analyst Ratings for EXXI
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Posted-In: Dahlman RoseAnalyst Color Price Target Intraday Update Analyst Ratings

 

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