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UPDATE: Global Hunter Securities Upgrades Copano Energy to Neutral Following Q2 Results

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Global Hunter Securities upgraded its rating on Copano Energy (NASDAQ: CPNO) from Reduce to Neutral and raised its price target from $26 to $30.

Global Hunter Securities said, "Quarterly results were better than anticipated and 2013 guidance was likewise greater than we envisioned. That being said, we are not getting more aggressive here given that we believe the company needs additional equity and units have had a healthy run going into the results release. We have underestimated the hedge impact and therefore sensitivity to NGL prices. We look to reevaluate units upon an equity raise."

Copano Energy closed at $29.94 on Friday.

Latest Ratings for CPNO

Mar 2013Ladenburg ThalmannDowngradesBuyNeutral
Mar 2013Hilliard LyonsDowngradesLong-Term BuyNeutral
Jan 2013RBC CapitalDowngradesOutperformSector Perform

View More Analyst Ratings for CPNO
View the Latest Analyst Ratings

Posted-In: Global Hunter SecuritiesAnalyst Color Upgrades Intraday Update Analyst Ratings


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