UPDATE: Raymond James Increases PT on Talisman Energy to $14.00
Raymond James maintained an Outperform rating on Talisman Energy (NYSE: TLM) and raised its price target from $13.50 to $14.00.
Raymond James wrote, “Talisman announced yesterday Sinopec will purchase a 49% equity interest in Talisman Energy (UK) Ltd., which holds the company's UK North Sea assets, for $1.5 bln. The transaction is effective January 1, 2012 and is expected to close prior to the end of the year.”
Talisman Energy closed at $11.58 on Monday.
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