By: Benzinga
UPDATE: Jefferies Reiterates Hold on Energy XXI; Lowers Production Outlook
Jefferies maintained Energy XXI (NASDAQ: EXXI ) with a Hold rating and a $35.00 price target. Jefferies analyst Biju Z Perincheril wrote, "EXXI expects fiscal 3q volumes to be below prior guidance. We are also lowering our fiscal 4q'13/2014 forecasts. As a result, the free cash flow story has
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