UPDATE: Raymond James Increases PT on Talisman Energy to $14.00

Raymond James maintained an Outperform rating on Talisman Energy 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.