UPDATE: Wunderlich Securities Raises Price Target on Rosetta Resources to $63

According to Wunderlich Securities, Rosetta Resources

price target is raised to $63. Wunderlich Securities said that Rosetta Resources (

) ended the year with proved reserves of 161 mmboe and grew total project inventory to 520 mmboe; ROSE has plenty of running room, in our view. “We look forward to revisiting our valuation when more data becomes available this summer.” Rosetta Resources closed yesterday at $52.20.