BofA lowered the firm’s price target on Matador (MTDR) to $55 from $56 and keeps a Buy rating on the shares ahead of the company reporting Q3 results after market close on October 21. The firm is marking to market its price deck, noting that the main drivers of its price target change are lower 2026 gas prices and weaker natural gas realizations lead by widening Waha differentials.
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