a number of them have upgraded individual stocks .. ALL of them...

a number of them have upgraded individual stocks .. ALL of them are increasing their long term oil prices.
Amazingly some analysts still using 50 and 60$ oil.

While not 100% convinced that there is NO downside in current oil prices, with oil at $100+ out to 2015 hard for a broker to claim any of the minnows are worth what they've valued them at over the last 3 years.

Effectively all are cum upgrade on that basis. If you model AMU on $100 oil and $10+ gas no way do you come out with anything under $2NPV - let alone taking into acct the impact of $80m/annum cashflow with a successful schwing added to Hoffer/hermes.

Tue was Merrills upgrading across the oil patch I believe?

DYOR