BofA upgraded Kosmos to Buy from Neutral with a price target of $10, up from $8.70. Given its advantages in growth, reserve life and a pivot towards liquified natural gas, or LNG, the firm views Kosmos as having “a highly differentiated E&P proposition,” the analyst tells investors. The firm sees Kosmos generating as much free cash flow in 2024 as it has cumulatively across the prior three years, the analyst added.
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