Southwestern Energy price target raised to $8 from $7.50 at Stifel

Stifel raised the firm’s price target on Southwestern Energy to $8 from $7.50 and keeps a Buy rating on the shares. The firm updated its model for quarterly results and updated guidance, the analyst tells investors. At assumed activity levels, Stifel projects a deteriorating forward Net Debt / EBITDAX profile and expects the company to generate positive free cash flows in 2023-2025.