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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
Dec 2014Ladenburg ThalmannDowngradesBuyNeutral
Nov 2014Iberia CapitalDowngradesOutperformSector Perform
Nov 2014CitigroupMaintainsNeutral

View More Analyst Ratings for EXXI
View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Price Target Intraday Update Analyst Ratings

 

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