Northland raised the firm’s price target on SilverBow Resources to $55 from $45 and keeps an Outperform rating on the shares. SilverBow’s acquisition of highly contiguous acreage from Chesapeake is highly attractive, and says it makes SilverBow the largest pure-play EF consolidator, setting the company up to leverage scale in the basin and be a potential acquisition target, the analyst tells investors in a research note.
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