SM Energy price target lowered to $55 from $62 at Stephens

Stephens analyst Mike Scialla lowered the firm’s price target on SM Energy (SM) to $55 from $62 and keeps an Overweight rating on the shares. The firm notes in Q1 preview that its cash flow per share, production, and capex estimates are 1% below, 1% below, and 2% above consensus, respectively.