BofA lowered the firm’s price target on Liberty Energy to $22 from $24 and keeps a Neutral rating on the shares. Weak macroeconomic and oil fundamentals, including the wobble in early June post the June 2 OPEC+ meeting, has “Energy staying on a weak footing,” says the firm, which cut its second half and 2025 EBITDA forecasts for the Oilfield Services group due to a weaker outlook in North America.
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