By: Benzinga
February 13, 2013 at 08:04 AM EST
UPDATE: Credit Suisse Initiates SandRidge Energy at Neutral; Value Hampered by Unproductive Capex
Credit Suisse initiated coverage on Sandridge Energy (NYSE: SD ) with a Neutral rating and a $6.30 price target. Credit Suisse noted, "We are initiating coverage of SandRidge with a Neutral rating and target price of $6.30, assuming 6.0 times 2013E EBIDA. SD is essentially a pure play on the
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