Johnson Rice analyst Charles Meade downgraded Ranger Oil (ROCC) to Hold from Buy with a $44 price target after Baytex Energy (BTE) agreed to acquire Ranger for cash and stock valued at approximately $44.36 per share.
Published first on TheFly
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- Raymond James cut Baytex, said Ranger deal changes momentum
- Baytex Energy upgraded to Buy at TD after ‘unjustified’ selloff
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