Wells Fargo raised the firm’s price target on Chord Energy (CHRD) to $113 from $108 and keeps an Overweight rating on the shares. The firm says that while shares lagged post-print due to absence of Marcellus sale and limited 2026 capex relief, Chord Energy’s faster long-lateral ramp is positive surprise that strengthens 2027 capital efficiency upside and supports its constructive stance.
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