BofA analyst Doug Leggate downgraded Gulfport Energy to Neutral from Buy with a $151 price target. Gulfport remains uniquely positioned as a turnaround story out of bankruptcy, but absolute upside has moved mid-range after “one of the strongest post-bankruptcy performances in the sector over the past year,” the analyst tells investors. The firm sees limited upside at $4/mcf gas, the analyst added.
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