Wells Fargo raised the firm’s price target on Coterra Energy (CTRA) to $35 from $32 and keeps an Overweight rating on the shares. Coterra added more oily core Delaware inventory at a reasonable price aided by better implied 2025 capital efficiency for legacy assets, the analyst tells investors in a research note. Robust repurchases should offset share overhang risks, Wells adds.
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 $33 from $31 at Truist
- Coterra Energy price target raised to $35 from $32 at Piper Sandler
- Coterra Energy price target raised to $33 from $30 at Susquehanna
- Coterra Energy price target raised to $33 from $31 at Barclays
- Coterra to acquire assets of Franklin Mountain Energy, Avant Natural for $3.95B