Market Overview

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

Share:
Related CRZO
Get 'More Cowbell' With This Oil Play
Oil Rig Counts Could Keep Falling In America: Here's Why
OPEC Hit U.S. Oil Firms Harder Than First Thought (Investor's Business Daily)

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
Aug 2015Credit SuisseMaintainsOutperform
Aug 2015KLR GroupUpgradesAccumulateBuy
Aug 2015Canaccord GenuityMaintainsBuy

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!

Get Benzinga's Newsletters