Scotiabank last night initiated coverage of Chord Energy (CHRD) with a Sector Perform rating and $120 price target The company has a strong balance sheet with robust cash flow generation and returns to shareholders, but its inventory length could be a concern, the analyst tells investors in a research note. The firm sees limited visibility into Chord’s longer-term growth.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHRD: