Citi analyst Scott Gruber raised the firm’s price target on APA Corp. to $62 from $58 and keeps a Buy rating on the shares post earnings. APA appears "primed to lead" the large cap exploration and production pack through year-end and well into 2023, Gruber tells investors in a research note. The analyst says rising confidence in crude price resiliency should make APA’s higher oil beta appealing.
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