UPDATE: Sterne Agee Downgrades GeoResources; Removes PT

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According to a research report published this morning, Sterne Agee has downgraded GeoResources
GEOI
to Neutral and removed its $37 PT. In the report, Sterne Agee commented, "GeoResources rallied approximately 22% to $37.77 since last Wednesday's announcement that it agreed to be acquired by Halcon Resources. Shares now trade over our $37 Price Target. With no counteroffers emerging, we are downgrading our rating to Neutral and removing our $37 Price Target." GeoResources closed yesterday at $37.77.
Posted In: Analyst ColorDowngradesPrice TargetAnalyst RatingsSterne Agee
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