Talos Energy price target raised to $21 from $18 at KeyBanc

KeyBanc analyst Tim Rezvan raised the firm’s price target on Talos Energy to $21 from $18 and keeps an Overweight rating on the shares. While uncertainties remain, KeyBanc believes the strategic importance to Mexico of a potential 180 mboe/d discovery should keep development on track and regulators at bay, the analyst tells investors in a research note. The firm thinks peak production net to Talos may exceed 28 mboe/d by 2028, a 38% increase to 2023 production of 72.8 mboe/d.