RBC Capital downgraded Liberty Energy (LBRT) to Sector Perform from Outperform with a $19 price target The company has set its sights on the power generation market as its next leg of growth, the analyst tells investors in a research note. The firm says the downgrade is not based in fault of Liberty’s strategy. Rather, RBC thinks the stock’s risk/reward is more balanced given the amount of capital required over the next several years.
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