Goldman (NYSE:GS) Says Quicksilver (NYSE:KWK) Good Buyout Target

Goldman Sachs (NYSE:GS) upgraded Quicksilver Resources (NYSE:KWK) saying they are an attractive buyout candidate.

Quicksilver, a natural gas company focusing on the North American market, was upgraded from "Sell" to "Neutral."

"We upgrade KWK and raise our 6-month target price to add an M&A component to our new price target methodology with a potential M&A ranking of 1 (high probability, 30%-50%) within our M&A framework...Key risks include commodity price volatility, drilling results, costs, gov’t pronouncements," Goldman said.

Quicksilver closed Monday at $14.75, dropping by $0.18, or 1.21 percent. A price target of $15 was placed on them by Goldman Sachs, increasing it from $13 a share.