UPDATE: Miller Tabak + Co. Downgrades PDC Energy on Valuation
November 01, 2013 at 10:32 AM EDT
In a report published Friday, Miller Tabak + Co. analyst Adam Michael downgraded the rating on PDC Energy (NASDAQ: PDCE ) from Buy to Hold, but raised the price target from $67.00 to $69.00. In the report, Miller Tabak + Co. noted, “PDC Energy holds a large inventory of future