Matador price target raised to $63 from $54 at Wells Fargo

Wells Fargo raised the firm’s price target on Matador (MTDR) to $63 from $54 and keeps an Equal Weight rating on the shares. The firm anticipates a solid operational Q1 print and a 9% free cash flow beat. Key focus areas include operational flexibility and production trajectory, price capture upside, midstream strategic options, alongside M&A outlook.