SM Energy price target raised to $35 from $34 at RBC Capital

RBC Capital raised the firm’s price target on SM Energy (SM) to $35 from $34 and keeps a Sector Perform rating on the shares. The firm expects a slightly better Q3 print related to continued momentum in the Uinta, though investor focus is now on a potential merger with Civitas (CIVI), the analyst tells investors in a research note. SM’s balance sheet target is also “now in view”, RBC added.