UPDATE: Canaccord Genuity Downgrades Halcon Resources on Move to Sidelines

In a report published Wednesday, Canaccord Genuity analyst Stephen Berman downgraded the rating on Halcon Resources. (NYSE: HK ) from Buy to Hold, and lowered the price target from $7.00 to $6.00. In the report, Canaccord Genuity noted, “HK has built positions in some of the leading liquids-rich resource plays