Southwestern Energy price target raised to $6.30 from $6.20 at Wells Fargo

Wells Fargo raised the firm’s price target on Southwestern Energy to $6.30 from $6.20 and keeps an Underweight rating on the shares. The firm says upward revisions to its second half of 2023 and 2024 oil decks result in increased earnings estimates to a majority of its oil coverage. In addition, Wells’ downwardly revised gas deck resulted in lower estimates across most of its gas coverage in 2025.