UPDATE: Cowen Securities Raises PT on SM Energy Co. on Underlying Asset Value

Loading...
Loading...
In a report published Friday, Cowen Securities analyst Nicholas P. Pope reiterated his Buy rating on SM Energy Co.
SM
, and raised the price target from $60.00 to $70.00. In the report, Pope noted, “SM is our favorite E&P opportunity, and weakness in NGL and condensate prices, which has weighed on shares, should be viewed as a buying opportunity. The underlying asset value remains quite compelling, and the company has options to unlock tremendous value.” SM Energy Co. closed on Thursday at $59.04.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsCowen Securities
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...