Jefferies analyst Mark Wilson upgraded Capricorn Energy to Buy from Hold with a price target of 225 GBp, down from 230 GBp. The shares are oversold given the company’s cash flow advantages, particularly if a North Sea or Egypt consolidation angle is considered, the analyst tells investors in a research note. Softer commodity prices bring cash break-evens back into view, says the firm.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CRNCY: