Southwestern Energy price target lowered to $7 from $8 at Susquehanna

Susquehanna lowered the firm’s price target on Southwestern Energy to $7 from $8 and keeps a Neutral rating on the shares. The firm updated its model for its E&P coverage ahead of Q2 results. They noted operators continue their maintenance capital programs, while focusing on driving improving well productivity and also noted M&A activity has ramped up this year as companies look to shore up their inventory positions and improve operating efficiencies.