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Matador price target lowered to $62 from $65 at TD Cowen

TD Cowen lowered the firm’s price target on Matador (MTDR) to $62 from $65 and keeps a Buy rating on the shares. The firm updated it model following Q1 results that contained plusses and minuses, which included the decision to modestly adjust activity given the macro but the door remains ajar for growth resuming upon a commodity price improvement.

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