Wells Fargo lowered the firm’s price target on Chord Energy (CHRD) to $158 from $166 and keeps an Overweight rating on the shares. The firm anticipates in-line Q1 operational and financial results. Key investor focus areas include progress on 4-mile lateral development, potential upside to 3-year plan, share buyback execution, and optionality around the non-op gas asset divestiture, Wells notes.
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