Wells Fargo raised the firm’s price target on Expand Energy (EXE) to $107 from $105 and keeps an Equal Weight rating on the shares. The company’s decision to increase 2025 capex to drive incremental vols in 2026 has raised investor oversupply concerns, the firm says. Wells believes production growth will be needed, however, in line free cash flow yield keep the firm on the sidelines.
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Read More on EXE:
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- Expand Energy: Strategic Financial Framework and Discount Valuation Support Buy Rating
- Expand Energy upgraded to Overweight from Equal Weight at Stephens
- Expand Energy price target lowered to $115 from $117 at Barclays
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