Morgan Stanley lowered the firm’s price target on Coterra Energy to $26 from $27 and keeps an Equal Weight rating on the shares. The energy sector is experiencing an improving macro backdrop, which has led to a catch-up trend experience in energy stocks, the analyst tells investors. With valuations still 2x the historic discount vs S&P, strong free-cash-flow yields, and positive earnings revisions, the firm sees a path to further outperformance.
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- Coterra Energy price target lowered to $31 from $33 at Stifel
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- Coterra Energy (NYSE:CTRA): An Overlooked S&P 500 Stock that Could Shine
- Coterra Energy price target raised to $35 from $33 at Piper Sandler
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