Matador price target lowered to $68 from $79 at Truist

Truist analyst Neal Dingmann lowered the firm’s price target on Matador to $68 from $79 but keeps a Buy rating on the shares. The stock fell about 10% on Wednesday after its Q4 results as investors were skeptical of the growth and free cash flow prospects over this year’s operational plans, but while guidance did raise some questions, the company has a history of under promising and over delivering, the analyst tells investors in a research note.