UPDATE: Miller Tabak Upgrades PDC Energy to Buy on Improved Reserves, Liquidity

Miller Tabak upgraded PDC Energy (NASDAQ: PDCE ) from Neutral to Buy and raised the price target to $50.00. Miller Tabak noted, "We believe PDC Energy has one of the most attractive asset bases of any North American E&P company with large acreage positions in both the Wattenberg and Utica