Mizuho analyst William Janela raised the firm’s price target on APA Corp. (APA) to $20 from $18 and keeps an Underperform rating on the shares as part of a Q3 earnings preview. The bar for APA seems high into earnings given the recent stock outperformance, the analyst tells investors in a research note. The firm cites higher Egypt gas growth and stronger pricing for the target bump.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APA:
- APA Corp. price target raised to $25 from $23 at UBS
- APA Corp. price target lowered to $22 from $23 at Morgan Stanley
- APA Corp. price target raised to $24 from $23 at RBC Capital
- APA Corp. price target raised to $26 from $22 at Scotiabank
- Hold Rating Maintained for APA Amid Mixed Financial Indicators and Strategic Adjustments