Citi lowered the firm’s price target on Liberty Energy to $20 from $22 and keeps a Neutral rating on the shares. The firm believes Q1 should show seasonal improvement and forecasts $274M in EBITDA. Given the commodity backdrop, however, Citi removed the incremental spread it added in Q2 and reduced its 2024 EBITDA view to $1.15B, down 4%.
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Read More on LBRT:
- Liberty Energy price target raised to $26 from $21 at Piper Sandler
- Liberty Energy price target raised to $27 from $26 at Stifel
- Liberty Energy price target raised to $25 from $20 at RBC Capital
- Liberty Energy price target raised to $27 from $21 at Wells Fargo
- Liberty Energy price target raised to $25 from $22 at Barclays
