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Laredo Petroleum (LPI +0.2%) is downgraded to Sector

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Timothy Smith   Tuesday, 10/13/15 08:45:59 PM
Re: Miracleman 1 post# 27
Post # of 52 
Laredo Petroleum (LPI +0.2%) is downgraded to Sector Perform from Outperform with a $12 price target at Iberia, which believes shares are fairly valued after jumping 52% since the beginning of August.

Despite the downgrade, the firm says it remains positive on LPI’s longer-term outlook and sees the potential for Earth-Model directed drilling to drive shares higher.

Iberia says LPI's strong liquidity position and solid hedge profile will allow the company to face challenges due to low commodity prices.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty
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