Expand Energy price target raised to $140 from $135 at Scotiabank

Scotiabank raised the firm’s price target on Expand Energy (EXE) to $140 from $135 and keeps an Outperform rating on the shares. The Q2 earnings from U.S. Natural Gas stocks under its coverage featured “mixed” results, the analyst tells investors. Looking ahead, the firm sees two positive themes, improving capital efficiencies and positive cash flow implications from the One Big Beautiful Bill, and expects further developments on data centers as a key factor over the next few quarters. Expand Energy remains one of the firm’s top picks in the group.