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Matador initiated with an Equal Weight at Morgan Stanley
The Fly

Matador initiated with an Equal Weight at Morgan Stanley

Morgan Stanley initiated coverage of Matador (MTDR) with an Equal Weight rating and $78 price target amid a broader research note on the North American E&Ps. Matador’s growing scale in the Delaware and focus on improving capital and operational efficiencies supports more resilient free cash flow generation and a competitive breakeven, the analyst says. The firm estimates Matador to trade in-line with peers on 2025 free cash flow yield.

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