Capital One analyst Brian Velie downgraded Denbury (DEN) to Equalweight from Overweight following the recent announcement that Exxon Mobil (XOM) has entered into a definitive agreement to acquire Denbury in an all-stock transaction valued at $4.9B.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DEN:
- Denbury downgraded to Hold from Buy at Stifel
- Denbury downgraded to Hold from Accumulate at Johnson Rice
- TD Cowen integrated oils/refining analyst holds analyst/industry conference call
- Exxon Snaps Up Denbury in $4.9B All-Stock Deal
- Exxon Mobil to acquire Denbury in all-stock transaction valued at $4.9B
Questions or Comments about the article? Write to editor@tipranks.com