RBC Capital raised the firm’s price target on Liberty Energy to $27 from $25 and keeps an Outperform rating on the shares. The company reported in-line EBITDA despite a “choppy” macro backdrop in Q1, and the firm remains “favorable” on the stock given Liberty’s strong operational execution, improved industry dynamics through the second half of the year, strategic growth opportunities, and strong free cash flow fundamentals, the analyst tells investors in a research note.
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