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Amplify Energy price target lowered to $8.50 from $9 at Alliance Global Partners

Alliance Global Partners lowered the firm’s price target on Amplify Energy (AMPY) to $8.50 from $9 and keeps a Buy rating on the shares after the company reported Q4 results that were below expectations and provided an update on Beta Field that was “a bit disappointing with another delay in well results.” While the earnings updates were “less than ideal,” the company still appears on track for “a busy 2025 with several catalysts,” the analyst tells investors.

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