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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
Sep 2014Capital One FinancialDowngradesOverweightEqualweight
Sep 2014MLV & Co.DowngradesBuyHold
Aug 2014Howard WeilDowngradesOutperformSector Perform

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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