Southwestern Energy price target lowered to $9 from $10 at Piper Sandler

Piper Sandler analyst Mark Lear lowered the firm’s price target on Southwestern Energy to $9 from $10 and keeps an Overweight rating on the shares after updating the firm’s E&P estimates post-Q4 results and FY23 outlooks as well as revisiting the firm’s commodity price forecasts. Generally, sentiment for the group has "taken a turn for the better," with broadly less capital efficient guidance out of the way, the analyst tells investors.