Wells Fargo raised the firm’s price target on Liberty Energy (LBRT) to $12 from $11 and keeps an Equal Weight rating on the shares. The firm says that the combination of attractive valuation multiples and share prices for the majority of its coverage near their 2021 lows provides an attractive entry point. The lack of a near-term catalyst poses the greatest roadblock to realizing upside potential, Wells adds.
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Read More on LBRT:
- Liberty Energy price target lowered to $13 from $16 at JPMorgan
- 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