Coterra Energy price target raised to $32 from $31 at Piper Sandler

Piper Sandler raised the firm’s price target on Coterra Energy (CTRA) to $32 from $31 and keeps an Overweight rating on the shares. The firm notes the company delivered in-line EPS/EBITDA and stronger free cash flow driven by a production beat with oil and total production coming in above the high end of guidance and 3% and 5% above the respective guidance midpoints.