Friday, September 10, 2010

Energy XXI (Nasdaq:EXXI) Downgraded by Pritchard Capital

Energy XXI (Nasdaq:EXXI) was bumped down by Pritchard Capital from "Buy" to "Neutral."

Pritchard noted Energy XXI was within seven percent of their target price, leaving little room for upward movement.

"While potential for the company's ultra deep portfolio has increased, the stock is within 7% of our price target and we are downgrading from 'Buy' to Neutral'," said the Pritchard analyst.

Energy closed Thursday at $20.49, gaining $0.07, or 0.34 percent.

No comments: