Market Overview

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

Share:
Related HK
Benzinga's Top Downgrades
Baird Downgrades Halcon Resources To Neutral

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
Apr 2015BairdDowngradesOutperformNeutral
Mar 2015GMPInitiates Coverage onHold
Mar 2015KLR GroupDowngradesHoldSell

View More Analyst Ratings for HK
View the Latest Analyst Ratings

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

 

Related Articles (HK)

Around the Web, We're Loving...