Piper Sandler upgraded Liberty Energy (LBRT) to Overweight from Neutral with a price target of $32, up from $17. The company’s power business “has moved beyond ambition” with a solution demonstrating commerciality with two recent data center agreements, the analyst tells investors in a research note. Piper sees a catalyst path for Liberty due to additional data center announcements and possible upward earnings revisions in 2026.
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