MKM Partners Lowered Price Target For Carrizo Oil & Gas Inc (NASDAQ:CRZO)
MKM cut their price target on the stock to $18.00 from $24 maintained Buy Rating.
MKM Partners analyst John Gerdes lowered his price target on Carrizo Oil & Gas after its Q4 results that showed lower capital spending and higher operating expense. The analyst also keeps his Buy rating on the stock, citing the company’s potential Delaware Basin asset rationalization that “could generate up to $250 million in proceeds.”