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Fly News Breaks for February 21, 2019
QEP
Feb 21, 2019 | 07:10 EDT
Oppenheimer analyst Tim Rezvan tells investors in a research note that he expects a modest negative reaction on Thursday to QEP Resources' disappointing Q4 results, but also sees a bid from Elliott at $8.75 per share that should support QEP at the current level. Rezvan says he believes Elliott may make a push for representation and says investors should focus on March 14, the deadline to nominate directors to the board. He reiterates an Outperform rating.
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