RBC Capital lowered the firm’s price target on Tamboran Resources (TBN) to $30 from $31 and keeps a Sector Perform rating on the shares. The company’s Q4 earnings in September should come with little fanfare given upcoming news flow as the management plans to provide IP60 & IP90 production data from Tamboran’s first ‘modern’ completion over the next 45 days, the analyst tells investors in a research note.
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