Market Overview

UPDATE: JP Morgan Raises PT to $90.50 on Anadarko Petroleum Following Q3 Model Update

Share:
Related APC
Dennis Gartman May Soon Begin 'Several Years Of Buying' Oil Majors
Benzinga's M&A Chatter for Thursday August 20, 2015
Liquidation Of Crowded Hedge Fund Energy Positions (Seeking Alpha)

JP Morgan reiterated its Neutral rating on Anadarko Petroleum (NYSE: APC) and raised its price target from $89.50 to $90.50.

JP Morgan commented, "We updated our estimates and NAV for 3Q12 earnings, the latest guidance, the 10-Q, and marked-to-market commodity pricing. We are slightly increasing our Dec-13 price target to $90.50 from $89.50 based on updating our model for 3Q12 earnings, the latest guidance, the 10-Q, revised assumptions for El Merk, and marked-to-market commodity pricing."

Anadarko Petroleum closed at $71.89 on Tuesday.

Latest Ratings for APC

DateFirmActionFromTo
Aug 2015Imperial CapitalMaintainsOutperform
Jul 2015BarclaysMaintainsEqual-weight
Jul 2015Credit SuisseAssumesOutperform

View More Analyst Ratings for APC
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (APC)

View Comments and Join the Discussion!

Get Benzinga's Newsletters