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Anadarko Petroleum "overweight," target price reduced

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Linked by newratings ( track newsfeed | ignore newsfeed ) - August 06, 12:13PM from (www.newratings.com)

NEW YORK, August 6 (newratings.com) - Analysts at Lehman Brothers reiterate their "overweight" rating on Anadarko Petroleum Corp (ticker: APC). The target price has been reduced from $89 to $81.

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Commented by dasherlillie ( track member | ignore member ) - August 06, 05:40PM

What is your reasoning in lowering their target price? It seems Anadarko is extremely undervalued...??


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Commented by BlueCollarGuy ( track member | ignore member ) - August 06, 07:03PM

If one believes Lehman Brothers, one will believe anything. I agree with you, it's undervalued.

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