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UPDATE: Morgan Stanley Downgrades Halcon Resources on Risky 2014 Growth Outlook

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In a report published Thursday, Morgan Stanley analyst Drew Venker downgraded Halcon Resources (NYSE: HK) from Overweight to Underweight, and lowered the price target from $14.00 to $4.00.

In the report, Morgan Stanley noted, “Halcon discounts credit for large resource potential that has significant geologic risk. The 2014 growth outlook is at risk, in our view, which makes us more cautious than the Street.”

Halcon Resources closed on Wednesday at $6.04.

Latest Ratings for HK

DateFirmActionFromTo
Nov 2016WunderlichUpgradesHoldBuy
Apr 2016Johnson RiceDowngradesAccumulateHold
Mar 2016Stifel NicolausDowngradesHoldSell

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Posted-In: Drew Venker Morgan StanleyAnalyst Color Downgrades Analyst Ratings

 

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