Global Hunter Initiates Coverage of Toreador Resources Corporation with Buy and PT of $7

Global Hunter initiated its coverage of Toreador Resources Corporation (NASDAQ: TRGL) with a Buy rating and a price target of $7. On Wednesday, Toreador lost 6.81% of its value to finish the day at $3.41. Its shares continued to slide in today's pre-market trading, however, falling 0.53% to $3.39.