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Atlas Energy price target lowered to $17 from $21 at RBC Capital

RBC Capital lowered the firm’s price target on Atlas Energy (AESI) to $17 from $21 and keeps an Outperform rating on the shares. The company’s Q1 financial results were in line with the Street, although the stock sold off sharply on softer Q2 and forward guidance, while weaker macro conditions have overcome margin expansion in the near-term, the analyst tells investors in a research note. RBC adds that it has lowered its EBITDA estimates substantially, reducing FY25 view to $77.5M from $107.4M and FY26 view to $76.8M from $115.3M.

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