TD Cowen analyst Marc Bianchi lowered the firm’s price target on Liberty Energy (LBRT) to $16 from $18 and keeps a Hold rating on the shares. The firm again lowered global oilfield services activity assumptions for 2025 and beyond, saying market data and industry commentary “continues to erode.” The group continues to be challenged by downward revisions, particularly for shorter cycle businesses, the analyst tells investors in a research note. That said, TD sees stock valuations as broadly attractive.
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Read More on LBRT:
- Liberty Energy price target raised to $22 from $19 at Citi
- Liberty Energy, DC Grid collaborate on turnkey power solutions
- Liberty Energy price target raised to $25 from $23 at Stifel
- Liberty Energy upgraded to Buy from Neutral at Seaport Research
- Liberty Energy price target lowered to $19 from $22 at Goldman Sachs
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