Sable Offshore price target raised to $30 from $28 at Jefferies

Jefferies raised the firm’s price target on Sable Offshore (SOC) to $30 from $28 and keeps a Buy rating on the shares. The firm sees the company reaching its first sales around April 1. If Sable hits that milestone, “precedent suggests the Courts will maintain the status quo,” the analyst tells investors in a research note. Jefferies see further upside beyond the price target on the company’s higher run rate potential, lower cost refinancing, and strip prices.