Expand Energy price target raised to $100 from $83 at Wells Fargo

Wells Fargo raised the firm’s price target on Expand Energy (EXE) to $100 from $83 and keeps an Equal Weight rating on the shares. The firm notes Expand Energy presented a preliminary 2025 outlook that exceeded expectations in capital efficiency, while demonstrating swift progress in capturing merger synergies. Valuation keeps Wells on the sidelines for now.