TD Cowen analyst Gabe Daoud lowered the firm’s price target on PDC Energy to $93 from $95 and keeps an Outperform rating on the shares. The analyst said our model reflects the pending Great Western Acquisition and an updated commodity price outlook, as we expect significant FCF and ROC in 2022 and beyond underpinned by a strong balance sheet.
Published first on TheFly
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Read More on PDCE:
- PDC Energy price target lowered to $93 from $97 at Mizuho
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