JPMorgan lowered the firm’s price target on Liberty Energy (LBRT) to $13 from $16 and keeps a Neutral rating on the shares. The firm refreshed estimates for the SMid cap land and offshore drillers as well as frac levered oilfield services stocks to reflect lower oil prices.
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Read More on LBRT:
- Liberty Energy price target lowered to $22 from $23 at Stifel
- Liberty Energy price target lowered to $13.50 from $16 at Citi
- Liberty Energy price target lowered to $16 from $17 at Barclays
- Liberty Energy price target raised to $13 from $10 at TD Cowen
- Cautious Optimism for Liberty Oilfield Services Amid Positive Q1 Results and Future Challenges