UPDATE: Citigroup Raises PT on Anadarko Petroleum Following ONGC Videsh Agreement Announcement

In a report published Tuesday, Citigroup analyst Robert S. Morris reiterated a Buy rating on Anadarko Petroleum Corporation (NYSE: APC ), and raised the price target from $105.00 to $108.00. In the report, Citigroup noted, “APC announced an agreement with ONGC Videsh Ltd. to sell a 10% stake in Mozambique