UPDATE: Rodman & Renshaw Reiterates Market Outperform on Crimson Exploration, Reduces PT to $5.25

Rodman & Renshaw reiterated its Market Outperform rating on Crimson Exploration (NASDAQ: CXPO). At the same time, the rating agency reduced its price target on the company's stock from $5.50 to $5.25. On Thursday, CXPO closed the day at $2.80.