Raymond James analyst John Freeman raised the firm’s price target on Hess Corp. to $175 from $160 and keeps an Outperform rating on the shares. Some weather issues during Q4 were largely offset by stronger volumes from Guyana, and Freeman elieves Payara is going to come online in 4Q23, adding a solid boost to Hess’s production going into 2024, the analyst tells investors in a research note.
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Published first on TheFly
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