Callon to Acquire Carrizo in All-Stock Transaction

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Go back to Callon to Acquire Carrizo in All-Stock Transaction

Callon Petroleum (CPE) PT Lowered to $11 at Oppenheimer

July 17, 2019 8:19 AM EDT

Oppenheimer analyst Tim Rezvan lowered the price target on Callon Petroleum (NYSE: CPE) to $11.00 (from $13.00) while maintaining an Outperform rating following the Carrizo acquisition.

Deal accretion appears real and readily attainablelower PT on conservatism, reflecting the potential for a more measured... More