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Fly News Breaks for April 12, 2018
REN
Apr 12, 2018 | 07:35 EDT
Goldman Sachs analyst John Nelson downgraded Resolute Energy to Neutral from Buy, saying that he now sees its operational execution as being discounted in shares following outperformance versus SMID Permian E&Ps. However, he does think that shareholder activism, which he believes has contributed to Resolute's recent outperformance, could continue to be a near-term driver of share price, Nelson tells investors. He lowered his price target on Resolute shares to $39 from $52.
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