Synergy Resources shares should be bought at current levels, says KeyBanc

theflyonthewall.com

KeyBanc is upbeat about Synergy's decision to raise equity to fund its FY14 capex, as the firm expects the move to be roughly neutral to the company's EPS while lowering its EV/EBITDAX multiple. The firm reiterates an $8.50 price target on the shares.

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