Shares of Penn Virginia (NYSE: PVA) were upgraded by SunTrust (NYSE: STI) from a "Neutral" rating to a "Buy" rating.
SunTrust cited its proposed increase in production of liquids at Eagle Ford as the catalyst behind their call. They have a price target of $20 on the
Liquids is a highly profitable product.
Penn Virginia is a oil and gas exploration and production company.
Penn was trading at $14.34, gaining $0.42, or 3.02 percent, as of 2:27 PM EDT.
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