Wolfe Research analyst Sam Margolin last night double upgraded Southwestern Energy to Outperform from Underperform with an $8 price target. Since the winter, the natural gas rig count collapsed and gas demand has been supported by power, industrial recovery, and higher liquified natural gas imports, the analyst tells investors in a research note. The firm believes the gas skew is to the upside and sees an entry point for Southwestern Energy at current share levels.
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