Monday, January 23, 2012

McMoRan (MMR) (ANR) (FST) (FCX) (CLR) (SLB) (MMR) Ratings, Price Targets

McMoRan Exploration (NYSE: MMR), Alpha Natural Resources (NYSE: ANR), Forest Oil Co. (NYSE: FST), Freeport McMoRan Copper and Gold (NYSE: FCX), Continental Resources (NYSE: CLR), Schlumberger (NYSE: SLB) and McMoRan Exploration (NYSE: MMR) ratings and price targets.

Alpha Natural Resources (ANR) had its price target lowered by Howard Weil from $44.00 to $39.00. They have an “Outperform” rating on the company.

Forest Oil (FST) was downgraded by Jefferies Group (NYSE:JEF) from a “Buy” rating to a “Hold” rating.

Freeport McMoRan Copper and Gold (FCX) had its price target raised by Citigroup (NYSE:C) to $43.00.

Continental Resources (CLR) was downgraded by Jefferies Group from a “Buy” rating to a “Hold” rating.

Schlumberger (SLB) had its price target lowered by Credit Suisse (NYSE:CS) to $92.00. They have an “Outperform” rating on the company.

McMoRan Exploration (MMR) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Underweight” rating.

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