Wolfe Research analyst Doug Leggate upgraded Chord Energy (CHRD) to Outperform from Peer Perform with a $155 price target Operational improvements in production efficiency, inventory management, and strategic M&A opportunities in FY25 shift the firm to Outperform, the analyst tells investors in a research note. The firm added that the company could participate in sector consolidation not least as it stands a relative “pure play” with management that the firm believes is keen to either get bigger or seek other alternatives to maximize value.
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Read More on CHRD:
- Chord Energy upgraded to Outperform from Peer Perform at Wolfe Research
- Chord Energy price target lowered to $194 from $212 at Piper Sandler
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