Matador price target raised to $76 from $73 at Wells Fargo

Wells Fargo raised the firm’s price target on Matador to $76 from $73 and keeps an Overweight rating on the shares. Although growth momentum was impacted by third-party midstream constraints during Q1 2024, given its strong track record of delivering on guidance, the firm still expects Matador to generate one of the strongest oil growths among E&Ps in 2024.