BofA analyst Noah Hungness initiated coverage of Magnolia Oil & Gas with a Buy rating and $25 price target. The analyst noted that Magnolia has differentiated itself from inception with a strategy “that prioritizes capital discipline and cash returns.” BofA feels that at the current level, the company has “competitive upside vs. SMID cap peers.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on MGY: