Stifel analyst Derrick Whitfield lowered the firm’s price target on Vital Energy to $86 from $106 and keeps a Buy rating on the shares after reported quarterly results and updated guidance. The firm believes the company offers a “differentiated value-oriented investment case,” the analyst tells investors. Vital is estimated to return to 100% of its enterprise value by 2032 and the company’s opportunistic portfolio provides investors with a differentiated approach to the commodity cycle, the firm adds.
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