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Matador price target lowered to $86 from $87 at Wells Fargo

Wells Fargo lowered the firm’s price target on Matador (MTDR) to $86 from $87 and keeps an Overweight rating on the shares. The firm expects solid execution with in-line Q1 production and financial results. Key investor focus areas include the 2025 production trajectory and activity cadence, the magnitude and pace of share buybacks, and Matador’s flexibility under downside scenarios, Wells notes.

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