H.C. Wainwright - from buy to neutral... butkept its $2.00 usd target for the shrs...post combo trading. Just a number but the more comments the better...
By Dwight Einhorn
1 hour ago In a report published Tuesday, H.C. Wainwright analyst Jeffrey Wright downgraded the rating on Uranerz Energy Corp. (NYSE:URZ) from Buy to Neutral, but reiterated the $2.00 price target.
In the report, H.C. Wainwright noted, “On January 5, 2014 Uranerz Energy announced the execution of a definitive agreement with Energy Fuels (UUUU; Buy) with respect to Energy Fuels acquiring the issued and outstanding shares of Uranerz. Given the figures surrounding the transaction, we are downgrading URZ from Buy to Neutral while maintaining our estimates. Per our Energy Fuels note published on January 5, 2015 titled ‘Energy Fuels to Purchase Uranerz Energy; Forming a U.S. Uranium Powerhouse,' we believe the transaction should be positive for the surviving entity, Energy Fuels, once closed.”
Uranerz Energy closed on Monday at $1.18.usd
Latest Ratings for URZ Date | Firm | Action | From | To |
Jan 2015 | H.C. Wainwright | Downgrades | Buy | Neutral |
Nov 2014 | Dundee | Upgrades | Neutral | Buy |