Piper Sandler raised the firm’s price target on Liberty Energy (LBRT) to $16 from $13 and keeps a Neutral rating on the shares. The firm notes the company kicked off earnings with a bang as shares advanced 30%. Initial reaction for most was confusion. Piper points to a few items to explain the move, including numbers weren’t as bad as buy-side feared. A constructive outlook that the industry is closer to a trough in Q4 2025 with a recovery likely beginning mid-2026.
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