UPDATE: Credit Suisse Upgrades Carrizo to Neutral, Boosts Target to $45

In a research note published Wednesday morning, Credit Suisse's Mark Lear upgraded Carrizo Oil & Gas, Inc. (NASDAQ: CRZO ) from Underperform to Neutral and raised his price target from $37.00 to $45.00. Lear increased investment rating follows a favorable meeting with Carrizo's management at a recent analyst day meeting.