Wells Fargo analyst Hanwen Chang lowered the firm’s price target on Chord Energy (CHRD) to $166 from $175 and keeps an Overweight rating on the shares. The firm notes the company delivered stronger-than-expected Q1 2025 guidance, FY25 guidance aligned with its recently introduced 3-year outlook and stronger-than-expected cash returns, reinforcing Well’s favorable view on the stock.
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