UPDATE: Societe Generale Downgrades Hess Corporation on Bakken Overcapitalization Concerns
October 01, 2013 at 12:03 PM EDT
In a report published Tuesday, Societe Generale analyst John Herrlin downgraded the rating on Hess Corporation (NYSE: HES ) from Buy to Hold, but raised the price target from $80.00 to $86.00. In the report, Societe Generale noted, “As part of our 3Q E&P sector preview note published today, we
