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Liberty Energy price target lowered to $19 from $20 at Stifel

Stifel lowered the firm’s price target on Liberty Energy (LBRT) to $19 from $20 and keeps a Buy rating on the shares. Despite “lackluster” near-term results, the firm believes Liberty remains well positioned to navigate the near-term headwinds in U.S. completion activity and believes the medium-term risk/reward is favorable, the analyst tells investors.

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