UPDATE: Societe Generale Downgrades SM Energy to Hold on Cautious Near-Term Outlook

In a report published Friday, Societe Generale analyst Bob Parija downgraded the rating on SM Energy (NYSE: SM ) from Buy to Hold, but reiterated the $67.00 price target. In the report, Societe Generale noted, “As part of a more cautious near-term outlook on the 10 Mid-cap E&Ps that we