Prairie Operating price target lowered to $10 from $11 at Clear Street

Clear Street lowered the firm’s price target on Prairie Operating (PROP) to $10 from $11 and keeps a Buy rating on the shares. The firm reduced the company’s Q3 and Q4 estimates to reflect slightly lower volume forecast. Clear thinks Prairie Operating’s risk/reward ratio remains attractive into the Q3 report given the “significant upside potential” if the series F preferred shares are repurchased or refinanced to prevent dilution