Credit Suisse Raises PT on Denbury Resources to $30 (DNR)

Credit Suisse is out with its report today on Denbury Resources (NYSE: DNR), raising its price target from $21 to $30.

In a note to clients, Credit Suisse writes, "Our NAV-based target price rises to $30 from $21 following our recent increase to global oil prices. We think the near-term outlook for DNR is more dependent on oil prices than it is for its peers."

Shares of DNR closed Friday at $23.07.