Truist analyst Neal Dingmann lowered the firm’s price target on SilverBow Resources (SBOW) to $50 from $55 but keeps a Buy rating on the shares. The price target cut reflects a more conservative volumes and price assumption, the analyst tells investors in a research note. The firm adds however that with the company having closed its asset deal with Chesapeake (CHK), this will enable notably more commodity optionality along with likely improved upcoming well results.
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