Wells Fargo analyst Roger Read initiated coverage of Coterra Energy with an Equal Weight rating and $28 price target. The firm sees 2023 U.S. gas oversupply risks supporting the neutral outlook, and despite its its presence in the Permian and Anadarko basins, Coterra’s production profile remains tilted toward natural gas, the analyst tells investors in a research note.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on CTRA: