UPDATE: Bank of America Reiterates on Anadarko Petroleum Following News of Tronox Ruling

In a report published Friday, Bank of America analyst Doug Leggate reiterated a Buy rating on Anadarko Petroleum (NYSE: APC ), but lowered the price target from $120.00 to $105.00. In the report, Bank of America noted, “The long awaited outcome of the NY bankruptcy court over Tronox is a