Jefferies analyst Lloyd Byrne lowered the firm’s price target on Expand Energy (EXE) to $137 from $141 and keeps a Buy rating on the shares ahead of its Q3 results. The firm expects the company to post Q3 EBITDA of about $1.07B vs. consensus of $1.1B on total production of 7.22 bcfepd, in line with consensus, the analyst tells investors in a research note. On the earnings call, the focus is likely to be on update to strategy, M&A, and more vertical integration, the firm added.
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