Raymond James analyst John Freeman downgraded Coterra Energy to Market Perform from Outperform without a price target. Coterra has a strong balance sheet and ample free cash flow to continue their capital return plans unabated, and while the door is open to execute buybacks in the coming year, it will be at a much lesser extent given the current gas price environment, the analyst tells investors in a research note.
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Published first on TheFly
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