UPDATE: Dahlman Rose Reiterates Buy Rating, Raises PT on Prospect Global Resources
In a report published Monday, Dahlman Rose & Co. reiterated its Buy rating on Prospect Global Resources (NASDAQ: PGRX), and raised its price target from $5.00 to $9.00.
Dahlman Rose noted, “We view PGRX's off-take agreement as a major milestone for the company. This should improve the company's positioning in relation to competitors in terms of funding, off-takes, and timing/probability of completion. As such, we are raising our price target to $9/share.”
Prospect Global Resources closed on Friday at $2.88.
Latest Ratings for PGRX
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2013 | Wunderlich Securities | Terminates Coverage On | Buy | |
| Mar 2013 | Dahlman Rose | Downgrades | Buy | Hold |
| Mar 2013 | Sterne Agee | Downgrades | Buy | Neutral |
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted-In: Dahlman Rose & Co.Analyst Color Price Target Analyst Ratings
