Expand Energy price target raised to $150 from $146 at Raymond James

Raymond James raised the firm’s price target on Expand Energy (EXE) to $150 from $146 and keeps a Strong Buy rating on the shares. The firm’s Q3 production estimate remains unchanged at roughly flat quarter over quarter, the analyst tells investors in a research note. Expand Energy is positioned to benefit from both rising natural gas prices and production growth over the next few years, Raymond James adds.