UPDATE: Jefferies Initiates Coverage on Jones Energy on Multiple Positive Factors
September 05, 2013 at 09:14 AM EDT
In a report published Thursday, Jefferies analyst Biju Z. Perincheril initiated coverage on Jones Energy (NYSE: JONE ) with a Buy rating and $19.00 price target. In the report, Jefferies noted, “Jones Energy offers investors an attractive value name with good growth visibility and a strong balance sheet. The company