Stifel analyst Stephen Gengaro raised the firm’s price target on Liberty Energy (LBRT) to $28 from $23 and keeps a Buy rating on the shares following a “strong” Q4 EBITDA beat and progress on the Power Generation front. While there is still execution risk, recent agreements with Vantage Power and the ESA with a large data center customer show progress and the firm believes the company will execute well based on Liberty’s track record, the analyst tells investors.
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