Matador price target lowered to $55 from $60 at Raymond James

Raymond James lowered the firm’s price target on Matador (MTDR) to $55 from $60 and keeps an Outperform rating on the shares. The firm is supportive of Matador’s decision to reduce activity in this much weaker commodity environment, with plans to drop from 9 rigs to 8 rigs by mid-2025, the analyst tells investors in a research note.