Truist raised the firm’s price target on Matador to $76 from $70 and keeps a Buy rating on the shares after its Q2 earnings beat. The company continues its growth strategy that includes solid organic upside along with notable contribution from the recent Advance assets, and while the firm has reduced its Q3 production outlook, Truist also believes that most shut-ins will be temporary in nature, the analyst tells investors in a research note.
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