Vital Energy price target lowered to $47 from $49 at Truist

Truist lowered the firm’s price target on Vital Energy (VTLE) to $47 from $49 but keeps a Buy rating on the shares after its Q4 revenue miss. The company having experienced some growing pains is not unusual for smaller companies that test secondary zones in order to maximize inventory depth, and Vital’s recent issue was contained to a small group of wells in their eastern Upton County area, which will have no bearing on the existing decade plus inventory position, the analyst tells investors in a research note.