UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT for Kosmos Energy

In a report published earlier today, Jefferies & Company, Inc. reiterated its Buy rating for Kosmos Energy Ltd. KOS, but lowered its price target from $19.00 to $17.00. Jefferies went on to say “Kosmos Energy's exploration efforts outside of its core Ghana exposure is beginning to gather pace with new acreage positions and activity in Cameroon, Morocco, Suriname and most recently, Mauritania.” Kosmos Energy Ltd. closed on Friday at $10.90.