Analyst Actions: Talisman Energy Upgraded at Credit Suisse, Ests Revised, PT Up $1; Shares Rise 1%

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Talisman Energy Inc. ( TLM ) has been upgraded by analysts at Credit Suisse to an Outperform rating from a Neutral, while the price targe on the stock was raised to $16 from $15 a share.

"We see Talisman's upcoming Investor Day in Toronto on March 6th as a key catalyst for the company's share price performance," said Credit Suisse.

"We expect Talisman will illustrate how its four key priorities translate into a 'bigger picture', near- and long-term strategy. While the CEO recently commented he 'increasingly sees North America and Asia as the core heartlands', he also noted Talisman is 'long' shale resource opportunities, but 'short' cash flow to fully exploit it. We also expect a Duvernay update and definition to ongoing sale processes. We believe the Eagle Ford could perhaps be sold and the Montney a JV candidate."

Shares of TLM are up 0.6% to $12.43, amid a 52-week range of $9.46 - $15.21.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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