I want to take a look at oil and gas company Southwestern Energy after shares rallied after its recent stock upgrade.
Regional natural gas producer Southwestern Energy earned an upgrade from analysts at Bank of America on the heels of its solid earnings report on Feb. 24, and a surging energy market.
Southwestern’s rating improved from “underperform” to “neutral,” and its price target leaped from $5 to $9 in the release.
Did you miss this week’s WealthPress Live Roundtable? Catch the replay video below…
And be sure to join Senior Strategist Roger Scott, Joy of the Trade’s Jeff Zananiri and New Money Crew’s Lance Ippolito each Wednesday at 11:30 a.m. EST for the WealthPress Live Roundtable, where they’ll discuss the biggest topics on Wall Street.
Have we finally reached a bottom in this stock market? Roger says the worst is behind us, Lance stressed being nimble and Jeff sees more pain longer term.
Major divergence we’re seeing between the VIX and relative strength.
Crude oil’s crash Wednesday morning and what it means.
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