SM Energy price target raised to $54 from $49 at JPMorgan

JPMorgan analyst Zach Parham raised the firm’s price target on SM Energy to $54 from $49 and keeps an Overweight rating on the shares ahead of the Q1 report. *Recent messaging indicates that SM remains on track operationally, the analyst tells investors in a research note. However, the firm views the company’s Q2 consensus estimates as a “bit aggressive.”