Baird Downgrades Abraxas Petroleum To Neutral

Analysts at Baird downgraded Abraxas Petroleum AXAS from Outperform to Neutral. The price target for Abraxas Petroleum has been lowered from $6 to $3. Abraxas Petroleum shares have declined 18.73% over the past 52 weeks, while the S&P 500 index has gained 11.71% in the same period. Abraxas Petroleum's shares fell 2.66% to close at $2.56 yesterday.