Stephens raised the firm’s price target on Matador (MTDR) to $80 from $78 and keeps an Overweight rating on the shares. The sale of the Pronto Midstream assets to San Mateo raises nearly $300M of cash, while allowing Matador to maintain control of the assets, says the analyst, who calls the deal a “positive.”
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Read More on MTDR:
- Matador price target raised to $72 from $71 at JPMorgan
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