APA Corp. price target raised to $21 from $19 at Goldman Sachs

Goldman Sachs raised the firm’s price target on APA Corp. (APA) to $21 from $19 and keeps a Sell rating on the shares. The company reported strong production relative to its guidance across APA’s asset base, the analyst tells investors in a research note. APA also continued to make progress on the cost reduction initiatives and achieved the company’s run-rate savings targets ahead of schedule, the firm added.