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

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Wunderlich Securities Sees Even Better Things To Come For Halcon Resources

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
Sep 2014KLR GroupUpgradesReduceHold
Sep 2014MacquarieUpgradesOutperform
Aug 2014MLVUpgradesHoldBuy

View More Analyst Ratings for HK
View the Latest Analyst Ratings

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

 

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