Talos Energy initiated with a Buy at Canaccord

Canaccord initiated coverage of Talos Energy with a Buy rating and $24 price target. Talos combines the benefits of extensive low-risk primarily U.S. and Gulf of Mexico upstream production with longer-term high-impact U.S. carbon capture and storage projects, the analyst tells investors in a research note. The firm says the company “has a simple but demonstrably successful hub-and-spoke upstream strategy.”