Wunderlich Securities Raises Price Target For American Oil & Gas, Inc. (AEZ)

Analysts Jason Wangler and Neal Dingham at Wunderlich Securities have raised the price target for American Oil & Gas, Inc. (AMEX: AEZ) from $8 to $10.

The company has announced the results of its Ron Viall 1-25H well, which had an initial product rate of 2,844 boe/d. Analysts believe the results show strength of the company’s Bakken acreage position.

Analysts at Wunderlich Securities have maintained their Buy rating for American Oil & Gas, Inc.