Goldman Sachs analyst Neil Mehta reinstated coverage of Expand Energy (EXE) with a Buy rating and $121 price target implying 18% upside from current levels. The firm says the company’s focus on capital efficiency improvements, disciplined activity, and volatility mitigation gives it confidence in Expand’s operational strength going forward. The company’s dual-basin exposure in Appalachia and the Haynesville creates a lower-cost, core business in Appalachia with growth optionality in the Haynesville, the analyst tells investors in a research note.
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