this afternoon rained on energy resources company
parade, cutting its recommendation on the company to attractive from buy for no other reason than the rise in its stock price.
Research analyst Robert Barone wrote that the stock has "now approached a more reasonable valuation--up from highly depressed levels earlier in the year--and its overall fundamental profile remains very strong."
Barone said the company faces several risks, however, including "severely weaker than expected commodity prices, lower than expected production levels, and an unexpected re-deterioration in the regulatory environment."
The stock closed up $2.35, or 10.1%, at $25.69, a 52-week high. PaineWebber said it will likely increase its price target on Questar from the current $25 a share level.