RBC Capital analyst Keith Mackey 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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LBRT:
- Liberty Energy sees Q2 revenue growth low double digits sequentially
- Liberty Energy reports Q1 EPS 48c, consensus 54c
- Liberty Oilfield Services options imply 5.0% move in share price post-earnings
- Liberty Energy price target raised to $23 from $20 at BofA
- LBRT Earnings this Week: How Will it Perform?
