Roth Capital lowered the firm’s price target on Expand Energy (EXE) to $125 from $130 and keeps a Buy rating on the shares following the Q2 report. The firm cites weaker gas prices target for the target cut. Expand’s Q3 production guidance is 0.5% below consensus and its capex outlook is 2.4% above, the analyst tells investors in a research note. Roth believes the company’s capital returns are likely to remain strong.
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