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Fly News Breaks for April 12, 2018
REN, PDCE
Apr 12, 2018 | 07:32 EDT
Goldman Sachs analyst John Nelson upgraded PDC Energy (PDCE) to Buy from Neutral, stating that he expects easing of DJ Basin midstream bottlenecks will give investors greater confidence in the company's 2019 volume growth. He believes PDC Energy will deliver the highest 2018-19 volume CAGR within its North American Diversified E&P peer group, making its multiple discount unwarranted. Nelson paired the upgrade of PDC Energy with a downgrade of Resolute Energy (REN) to Neutral.
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