Mizuho raised the firm’s price target on Vital Energy (VTLE) to $38 from $37 and keeps a Neutral rating on the shares. The firm expects a modest beat for Q4, driven by modestly higher oil volumes and stronger gas and natural gas liquids pricing, and the focus going forward will be on incremental cost guidance, organic inventory updates and progress on debt reduction efforts, as Vital Energy pivots away from M&A in 2025, the analyst tells investors in a research note. Vital appears off to a good start, though the firm thinks this strategy will take time to resonate.
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