UPDATE: Citigroup Downgrades Anadarko Petroleum Following Release of Tronox Opinion
December 13, 2013 at 11:57 AM EST
In a report published Friday, Citigroup analyst Robert S. Morris downgraded the rating on Anadarko Petroleum (NYSE: APC ) from Buy to Neutral, and lowered the price target from $108.00 to $86.00. In the report, Citigroup noted, “United States Bankruptcy Judge, Allan Gropper, in the U.S. Bankruptcy Court Southern District