Liberty Energy price target raised to $25 from $20 at RBC Capital

RBC Capital raised the firm’s price target on Liberty Energy to $25 from $20 and keeps an Outperform rating on the shares. The company reported a 14% EBITDA beat through a choppy Q3 macro environment, and there is still value in Liberty Energy shares given its strong free cash flow generation, profitable growth through vertical integration, and deep customer relationships, the analyst tells investors in a research note.