Morgan Stanley analyst Devin McDermott lowered the firm’s price target on Expand Energy (EXE) to $135 from $139 and keeps an Overweight rating on the shares. The firm is updating its price targets for Energy in the North America stock under its coverage, the analyst tells investors. The firm expects “clean” Q3 operational updates, but cash flow will likely be generally below consensus due to weaker gas and NGL realizations.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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 EXE:
- Expand Energy price target lowered to $131 from $132 at UBS
- Expand Energy price target raised to $150 from $140 at Scotiabank
- Expand Energy’s Strong Performance and Future Growth Potential: A Buy Rating Reinforced by Synergy Achievements and Strategic Focus
- Expand Energy price target lowered to $136 from $139 at Barclays
- Expand Energy price target lowered to $137 from $141 at Jefferies