UPDATE: Jefferies Raises PT on Penn Virginia on Good Long-Term Potential

In a report published Thursday, Jefferies analyst Biju Z. Perincheril reiterated a Buy rating on Penn Virginia Corporation (NYSE: PVA ), and raised the price target from $6.50 to $7.00. In the report, Jefferies noted, “With MHR's monetization of its 15% stake in PVA, investor focus should return to PVA's