By: Benzinga
November 28, 2012 at 14:29 PM EST
UPDATE: Barclays Maintains Penn Virginia at Underweight on 2013 Production Outlook
Barclays reiterated its Underweight rating and $5 price target on Penn Virginia (NYSE: PVA ) as the quarterly production guidance declines. Barclays noted, "Our UW rating reflects concern in achieving the 2013 production targets and continuing to fund the cash flow gap while relying almost entirely on the Eagle
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