BofA raised the firm’s price target on Chord Energy (CHRD) to $123 from $112 and keeps a Buy rating on the shares. After market on September 15, Chord announced plans to acquire a $550B bolt-on from XTO energy, and the firm sees the deal as accretive to its price target by $3 per share as the lower breakeven acreage further improves the company’s 2026+ development program. The firm also updated its model, marketing to market recent moves in strip and the company’s buyback activity.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHRD:
- Chord Energy Announces $500M Senior Notes Offering
- 3 Best Stocks to Buy Now, 9/16/2025, According to Top Analysts
- Chord Energy’s Strategic Acquisition and Strong Capital Returns Justify Buy Rating
- Chord Energy’s Strategic Acquisition of Williston Assets from ExxonMobil: Enhancing Operational Scale and Long-term Financial Strength
- Chord Energy’s Strategic Acquisition and Share Buyback Drive Buy Rating