Vital Energy price target raised to $59 from $55 at Mizuho

Mizuho raised the firm’s price target on Vital Energy to $59 from $55 and keeps a Neutral rating on the shares. The firm updated its commodity price outlook through 2026 following the Q1 earnings season, while increasing net asset value-based price targets by 7%. It sees strength in global oil prices near-term, given higher non-OECD demand and more modest supply gains but maintains a long term $75 per barrel midcycle Brent outlook.