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Bruce Jefferson

WildHorse's Decline 'Makes Little Sense,' SunTrust Says In Upgrade

Wildhorse Resource Development Corp WRD, is a single-basin story and pure-play NE Eagle Ford company whose stock sold off Wednesday for no legitimate reason, according to SunTrust.

SunTrust Robinson Humphrey's Welles Fitzpatrick upgraded WildHorse Resource Development from Hold to Buy but with a price target lowered from $26 to $25. Source

Some downside still holds. 

$WRD, WildHorse Resource Development Corporation / D

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