Jefferies reinstated coverage of Tullow Oil (TUWOY) with an Underperform rating and 18 GBp price target following confirmation that Kosmos does not intend to make a firm offer for Tullow at this time. Tullow continues to progress plans to address its remaining debt maturities, the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TUWOY: