UPDATE: Bank of America Resumes Coverage on Laredo Petroleum Holdings with Buy Rating, $34 PT Following First Formal Analyst Meeting

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a report published Wednesday, Bank of America analyst Jason Smith resumed coverage on

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Laredo Petroleum Holdings

(NYSE: LPI) with a Buy rating and $34.00 price target.In the report, Bank of America noted, “Laredo's first formal Analyst meeting highlighted the strength of an asset base concentrated at the core of the Midland Basin confirmed by some of the most impressive industry well results in the Wolfcamp / Cline shale plays to date. Most of Laredo's ‘core' Garden City acreage remains prospective for at least four zones. Alongside a shift to ‘development mode' that should see capital efficiency improve in coming quarters with the move to pad drilling, we view Laredo amongst the most favorably positioned names in the sector. We resume coverage with a Buy rating and PO of $34.”Laredo Petroleum Holdings closed on Tuesday at $28.64.