As previously reported, BofA analyst Saurabh Pant upgraded Liberty Energy (LBRT) to Buy from Neutral with a price target of $31, up from $20. Liberty is making good progress – both commercial/operational and financing – in building its Power business targeting 3 GW by year-end 2029, notes the analyst, who sees the company going from 100% O&G/Completions to 50%/50% O&G/Power by 2030.
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Read More on LBRT:
- Liberty Energy price target raised to $32 from $21 at Citi
- Liberty Energy upgraded to Buy from Neutral at BofA
- Liberty Energy: Growing Distributed Power Business and Recovery in Completions Support Buy Rating and $32 Target
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- Liberty Energy price target raised to $26 from $20 at Goldman Sachs