Citi analyst Scott Gruber lowered the firm’s price target on Coterra Energy to $21 from $23 and keeps a Sell rating on the shares. The analyst recommends investors focus on "catalysts and quality" within the exploration and production space. Capital efficiency should improve for domestic E&Ps on lower service rates, the analyst tells investors in a research note.
Published first on TheFly
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Read More on CTRA:
- Coterra Energy price target raised to $30 from $26 at Barclays
- Coterra Energy price target lowered to $38 from $40 at Mizuho
- Coterra Energy price target lowered to $30 from $32 at Piper Sandler
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