Market Overview

JP Morgan, Raymond James Think Exxon/Anadarko Takeover Is Unlikely

Share:

In a note released early June 12, JP Morgan analyst Joseph Allman wrote that Anadarko Petroleum (NYSE: APC) would likely require a per share price over $140. He based this sentiment on comments from the company's investor conference held in March.

Allman believes it is more likely Anadarko will monetize its assets possibly including International, domestic operating assets, GoM and mineral ownership in the Rockies.

Additional comments came in from an analyst at Raymond James stating that ExxonMobil (NYSE: XOM) buying someone "really cool" is just an "old reliable story" for the beginning of summer.

Posted-In: Joseph Allman JP Morgan Raymond JamesAnalyst Color News Rumors

 

Related Articles (APC + XOM)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
POWLSidoti & Co.Maintains47.0
XDeutsche BankInitiates Coverage On121.0
WTEBMO CapitalMaintains18.0
DOLBMO CapitalMaintains50.0
NABMO CapitalMaintains69.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Brent On The Rise With Iraq's Largest Refinery At Risk

Morgan Stanley Expects Modest Upside To Q214 Results For Adobe Systems