UPDATE: Global Hunter Upgrades Kodiak Oil & Gas to Buy, Maintains PT at $7.50

Global Hunter upgraded its rating on Kodiak Oil & Gas (NYSE: KOG) from Accumulate to Buy. At the same time, the rating agency left its price target on the company's stock unchanged at $7.50. On Monday, KOG lost 14.6% of its value to finish the day at $4.97. Its shares started to rebound in today's pre-market trading, rising 0.6% to stand around $5.