Wolfe Research analyst John Abbott upgraded Vital Energy (VTLE) to Peer Perform from Underperform. While still highly volatile, improving costs, lower debt, and less M&A improves Vital’s outlook while acknowledging M&A as a potential upside risk, the analyst tells investors in a research note. The firm added that a challenge for investors is Vital’s high beta to an oil price that has stabilized.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VTLE:
- Vital Energy upgraded to Peer Perform from Underperform at Wolfe Research
- Vital Energy price target lowered to $27 from $35 at Piper Sandler
- Vital Energy price target lowered to $37 from $39 at Mizuho
- Vital Energy Updates Executive Compensation Plans
- Vital Energy Releases Investor Presentation on Strategies