Chord Energy price target lowered to $128 from $131 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Chord Energy (CHRD) to $128 from $131 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for Energy in the North America stock under its coverage, the analyst tells investors. The firm expects “clean” Q3 operational updates, but cash flow will likely be generally below consensus due to weaker gas and NGL realizations.