UPDATE: Wunderlich Securities Reiterates on Magnum Hunter Resources as Marcellus and Utica are Front and Center

In a report published Thursday, Wunderlich Securities analyst Irene O. Haas reiterated a Buy rating on Magnum Hunter Resources (NYSE: MHR ), and raised the price target from $10.00 to $12.00. In the report, Wunderlich Securities noted, “The Appalachia is challenging with tough terrain and spotty infrastructure. To compound the