Matador price target raised to $65 from $60 at BMO Capital

BMO Capital raised the firm’s price target on Matador (MTDR) to $65 from $60 and keeps an Outperform rating on the shares after meeting with its management. The firm remains positive on the company’s differentiated story with Northern Delaware Core Acreage, strong operational performance, and above-average production growth, the analyst tells investors in a research note.