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Fly News Breaks for July 20, 2017
FANG, PE, CRZO
Jul 20, 2017 | 06:23 EDT
JPMorgan analyst Michael Glick downgraded Carrizo Oil & Gas (CRZO) to Neutral saying he's repositioning his ratings ahead of the Q2 reporting season toward names that can perform well in a lower commodity price environment. The analyst calls Parsley Energy (PE) and Diamondback Energy (FANG) his top picks in the small-to-mid cap Exploration & Production space. He lowered his price target for Carrizo shares to $21 from $30.