Barclays analyst Jeanine Wai raised the firm’s price target on Coterra Energy to $30 from $26 and keeps an Equal Weight rating on the shares. Sentiment on natural gas remains challenged, but for some investors, hybrid gas names such as Coterra "provide optionality" versus the pure-plays, the analyst tells investors in a research note.
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Read More on CTRA:
- Coterra Energy price target lowered to $38 from $40 at Mizuho
- Coterra Energy price target lowered to $30 from $32 at Piper Sandler
- Early notable gainers among liquid option names on February 24th
- Coterra Energy sees FY23 capital investment $2B-$2.2B
- Coterra Energy reports Q4 adjusted EPS $1.16, consensus $1.10