UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Carrizo Oil & Gas

In a report published Monday, Jefferies & Company reiterated its Hold rating on Carrizo Oil & Gas (NASDAQ: CRZO ), but lowered its price target from $28.00 to $25.00. Jefferies noted, “CRZO to sell North Sea Huntington interests to Iona Energy (INA-V, C $0.475, NC) for $184mm, largely in-line with