Market Overview

UPDATE: Morgan Stanley Downgrades Cabot Oil & Gas Due To Uncertainty

Share:

In a report published Tuesday, Morgan Stanley analyst Drew Venker downgraded the rating on Cabot Oil & Gas (NYSE: COG) from Overweight to Equal-Weight, and lowered the price target from $45.00 to $38.00.

In the report, Morgan Stanley noted, “Due to the uncertainty of COG's differentials and growth, we believe investors will remain on the sidelines until major infrastructure expansions are in sight. Downgrading to EW and lowering PT to $38 to reflect wider gas differentials LT, reflective of a more bearish scenario through 2016.”

Cabot Oil & Gas closed on Monday at $35.06.

Latest Ratings for COG

DateFirmActionFromTo
Jan 2021B of A SecuritiesDowngradesNeutralUnderperform
Dec 2020Evercore ISI GroupDowngradesOutperformIn-Line
Sep 2020Northland Capital MarketsInitiates Coverage OnMarket Perform

View More Analyst Ratings for COG
View the Latest Analyst Ratings

 

Related Articles (COG)

View Comments and Join the Discussion!

Posted-In: Drew Venker Morgan StanleyAnalyst Color Downgrades Analyst Ratings

Latest Ratings

StockFirmActionPT
COHRBerenbergDowngrades215.0
HAEBarrington ResearchDowngrades
EDEvercore ISI GroupDowngrades
SOEvercore ISI GroupDowngrades
WIRESidoti & Co.Downgrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
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.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
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