Jefferies raised the firm’s price target on Coterra Energy (CTRA) to $28 from $26 and keeps a Hold rating on the shares as the firm comes off restriction following the Franklin Mountain/Avant purchase in New Mexico. The firm models the deal delivering about $500M of additional free cash flow, along with incremental inventory in “a key oil asset,” the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTRA:
- Coterra Energy price target raised to $36 from $33 at Barclays
- Coterra Energy price target raised to $34 from $33 at Piper Sandler
- Coterra Energy price target raised to $33 from $30 at Roth MKM
- Coterra Energy price target raised to $41 from $35 at Raymond James
- Coterra Energy price target raised to $32 from $30 at Morgan Stanley