Expand Energy price target raised to $125 from $115 at Citi

Citi raised the firm’s price target on Expand Energy (EXE) to $125 from $115 and keeps a Buy rating on the shares. The firm updated its model with revised estimates into earnings, resulting in discretionary cash flow of $802.3M versus the consensus for $830.4M. Citi cites strong current fundamentals and nearing line-of-sight to further pricing strength through the year for the target increase.