Liberty Energy price target lowered to $17 from $21 at Barclays

Barclays lowered the firm’s price target on Liberty Energy (LBRT) to $17 from $21 and keeps an Overweight rating on the shares. The energy sector is contending with both the demand shock from tariffs combined with OPEC’s move to bring back capacity, the analyst tells investors in a research note. The firm believes the Q1 earnings season will focus on “who is most vulnerable, who is most protected and how quickly upstream spending can recover.”