KeyBanc analyst Tim Rezvan initiated coverage of Talos Energy with an Overweight rating and $18 price target. The post-Q4 earnings selloff "appears to be an overly punitive reaction" amid a sector-wide risk-off trade, creating an appealing tactical setup today, the analyst tells investors in a research note. While Talos’ 2023 outlook has "noise," the 2024 outlook "looks bright and strengthens our conviction," the analyst tells investors in a research note. The firm sees significant free cash flow and growth upside in 2024.
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Published first on TheFly
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