Capricorn Energy upgraded to Buy from Hold at Jefferies

Jefferies analyst Mark Wilson upgraded Capricorn Energy to Buy from Hold with a price target of 225 GBp, down from 230 GBp. The shares are oversold given the company’s cash flow advantages, particularly if a North Sea or Egypt consolidation angle is considered, the analyst tells investors in a research note. Softer commodity prices bring cash break-evens back into view, says the firm.