Susquehanna raised the firm’s price target on Coterra Energy (CTRA) to $33 from $30 and keeps a Positive rating on the shares. The firm updated its estimates following the company’s announcement to acquire two private companies in the Permian for nearly $4B. The two transactions combined are expected to add nearly 40% to Coterra’s oil production next year.
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Read More on CTRA:
- Coterra Energy price target raised to $33 from $31 at Barclays
- Coterra to acquire assets of Franklin Mountain Energy, Avant Natural for $3.95B
- Coterra Energy price target raised to $32 from $31 at Piper Sandler
- Coterra Energy price target lowered to $24 from $28 at JPMorgan
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