Mizuho raised the firm’s price target on Matador to $85 from $83 and keeps a Buy rating on the shares. The analyst views the Ameredev acquisition as consistent with the company’s strategy of adding upstream assets adjacent to existing Delaware Basin operations, supporting “differentiated” oil growth.
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- Matador price target raised to $83 from $78 at Mizuho
- Matador price target raised to $78 from $76 at Mizuho