Market Overview

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


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

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


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

Latest Ratings

HAEBarrington ResearchDowngrades
EDEvercore ISI GroupDowngrades
SOEvercore ISI GroupDowngrades
WIRESidoti & Co.Downgrades
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