Wells Fargo raised the firm’s price target on Coterra Energy (CTRA) to $35 from $32 and keeps an Overweight rating on the shares. Coterra added more oily core Delaware inventory at a reasonable price aided by better implied 2025 capital efficiency for legacy assets, the analyst tells investors in a research note. Robust repurchases should offset share overhang risks, Wells adds.
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Read More on CTRA:
- Coterra Energy price target raised to $33 from $31 at Truist
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