Expand Energy price target raised to $86 from $85 at Stephens

Stephens analyst Mike Scialla raised the firm’s price target on Expand Energy (EXE) to $86 from $85 and keeps an Equal Weight rating on the shares. Q3 EBITDA and cash flow per share were 2% and 3% above consensus, respectively, notes the analyst, who views the earnings release positively. Q4 production and capex guidance were in-line and 1% below the Street view, respectively, while preliminary 2025 production and capex guidance were in-line and 12% below expectations, the analyst added.