Market Overview

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

Share:
Related CRZO
Benzinga's Top Initiations
11 Of The Biggest Stock Winners From OPEC Meeting
Moody National Bank Trust Division Buys Dow Chemical Co, Comerica Inc, Sells F5 Networks Inc, ... (GuruFocus)

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.

Latest Ratings for CRZO

DateFirmActionFromTo
Jan 2017MizuhoUpgradesNeutralBuy
Dec 2016Wells FargoDowngradesOutperformMarket Perform
Dec 2016Raymond JamesInitiates Coverage OnStrong Buy

View More Analyst Ratings for CRZO
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Downgrades Analyst Ratings

 

Related Articles (CRZO)

View Comments and Join the Discussion!