UPDATE: Stifel Downgrades Willbros Group to Hold, Removes PT as Numerous Risk Remain

In a report published Monday, Stifel analyst Noelle Dilts downgraded the rating on

from Buy to Hold, and removed the $6.50 price target. In the report, Stifel noted, “We are downgrading shares of WG from Buy to Hold. Shares of WG closed on Friday, January 2, 2015 at $6.29, leaving 3.3% upside to our $6.50 target. Our decision to downgrade WG reflects our belief that the upside potential in the name has fallen as shares have recovered from recent lows, but that a number of risks remain as we head into 2015.” Willbros Group closed on Friday at $6.29.