UPDATE: Deutsche Bank Raises PT on Ultra Petroleum on Updated Q1 Expectations
April 22, 2013 at 10:20 AM EDT
In a report published Monday, Deutsche Bank analyst Stephen Richardson reiterated a Hold rating on Ultra Petroleum Corp. (NYSE: UPL ), and raised the price target from $18.00 to $21.00. In the report, Richardson noted, “Led by a downward spiral in crude price, E&Ps are stumbling into quarterly results, with