Stifel analyst Stephen Gengaro lowered the firm’s price target on Liberty Energy (LBRT) to $22 from $23 and keeps a Buy rating on the shares after the company delivered better-than-expected Q1 results and gave what the firm says was “a more optimistic near-term outlook than we expected.” The firm is raising its 2025 EBITDA forecast, lowering its 2026 EBITDA forecast, and lowering its price target on the revised forecasts.
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