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UPDATE: Deutsche Bank Initiates Talisman Energy at Hold on Risk/Reward

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Deutsche Bank initiated coverage on Talisman Energy (NYSE: TLM) with a Hold rating and a $14.00 price target.

Deutsche Bank commented, "4 months into a change of leadership, TLM is in the midst of outlining a more focused and achievable strategy outlook. The early read is that 2013e is a year of retrenchment; achievable targets, profitability growth via cost reductions, and a scaled back exploration effort. While credibility in regards to targets should be addressed, we see the issues facing the portfolio as structural based on geographic diversity, limited scalability, and exposure to domestic NG pricing with an impact on forward growth potential. We see risk / reward as balanced and the investment case as relatively undifferentiated relative to the peer group."

Talisman Energy closed at $12.54 on Thursday.

Latest Ratings for TLM

DateFirmActionFromTo
Dec 2014MaintainsNeutral
Dec 2014MaintainsEqual-Weight
Dec 2014DowngradesOutperformMarket Perform

View More Analyst Ratings for TLM
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Initiation Analyst Ratings

 

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