Stephens lowered the firm’s price target on Talos Energy (TALO) to $14 from $20 and keeps an Overweight rating on the shares. The firm is adjusting 2025-2027 oil and natural gas price forecasts based on recent NYMEX strip prices, noting that OPEC’s decision to increase output amid rising U.S. production, moderating global demand growth, and trade policy-driven recession concerns have trimmed 2025 WTI spot prices 1% year-to-date and 4% over the past six months.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TALO:
- Talos Energy price target lowered to $12 from $14 at JPMorgan
- Talos Energy price target lowered to $12 from $14.50 at Citi
- Talos Energy price target raised to $14 from $13 at JPMorgan
- Talos Energy Reports 2024 Results and Strategic Outlook
- Talos Energy Reports Record 2024 Earnings and Optimistic 2025 Outlook