UPDATE: Stifel Nicolaus Upgrades Cabot Oil & Gas on Solid Cash Flow Beat
July 25, 2013 at 11:07 AM EDT
In a report published Thursday, Stifel Nicolaus analyst Amir Arif upgraded Cabot Oil & Gas (NYSE: COG ) from Hold to Buy, and named an $85.00 price target. In the report, Stifel Nicolaus noted, “Yesterday after the close, COG posted a solid cash flow beat, increased 2013 production/capex guidance, and announced