UPDATE: Canaccord Initiates Anadarko Petroleum with Buy on Multiple Positive Factors

In a report published Tuesday, Canaccord Genuity analyst Robert Christensen initiated coverage on Anadarko Petroleum Corporation (NYSE: APC ) with a Buy rating and $115.00 price target. In the report, Canaccord Genuity noted, “We see APC's success in high-risk, high-impact offshore exploration growing its NAV and future production as well