Talos Energy price target lowered to $12 from $14.50 at Citi

Citi lowered the firm’s price target on Talos Energy (TALO) to $12 from $14.50 and keeps a Buy rating on the shares following the Q4 report. The company’s performance was driven by production moderately above expectations on lighter capital spending with solid operational updates on several key projects, the analyst tells investors in a research note.