Southwestern Energy price target raised to $7 from $6.50 at Susquehanna

Susquehanna analyst Biju Perincheril raised the firm’s price target on Southwestern Energy (SWN) to $7 from $6.50 and keeps a Neutral rating on the shares. The firm said 4Q production of 4,622 Mcfe/d was in-line with our expectations, while EPS of $0.08 was slightly ahead and noted the company did not report guidance due to its pending merger with Chesapeake (CHK).