Susquehanna analyst Charles Minervino raised the firm’s price target on SM Energy (SM) to $27 from $24 and keeps a Neutral rating on the shares. The firm, which is updating estimates and price targets before Q3 earnings for its E&P coverage, is lowering its Q4 WTI price assumption to $62.50 per barrel, while maintaining its 2026 assumption at $65 per barrel.
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