Citigroup Reiterates Neutral Rating, $22 PT on Ultra Petroleum Corp.
December 10, 2012 at 12:07 PM EST
In a report published Monday, Citigroup reiterated its Neutral rating and $22.00 price target on Ultra Petroleum Corp. (NYSE: UPL ). Citigroup noted, “Overall, we believe that Ultra is following a simple yet effective strategy of truly being a low-cost producer of dry natural gas. The company has built sizable