Gulfport Energy upgraded to Overweight from Sector Weight at KeyBanc

KeyBanc analyst Tim Rezvan upgraded Gulfport Energy to Overweight from Sector Weight with a $160 price target. The shares are down 13% since July 3 but KeyBanc’s outlook for natural gas has not changed since then, the analyst tells investors in a research note. The firm recognizes “macro headwinds are swirling with increasing vigor” but views concerns on slowing economic growth as a bigger risk for oily exploration and production companies than gassy E&Ps. Nothing has changed but the price of Gulfport shares, it contends.