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UPDATE: JP Morgan Cuts PT to $21 on Carrizo Oil & Gas on Model Update

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JP Morgan reiterated Carrizo Oil & Gas (NASDAQ: CRZO) with a Neutral rating and lowered the price target from $31.50 to $21.00.

JP Morgan commented, "We are decreasing our price target to $21 from $31.50. We base this target on 300% of YE13E JPM NAV, which is above where the group is trading. The market appears willing to give CRZO a premium multiple, at least over the near term."

Carrizo Oil & Gas closed at $20.74 on Wednesday.

Posted-In: JP MorganAnalyst Color Downgrades Analyst Ratings

 

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