Mizuho analyst Nitin Kumar lowered the firm’s price target on Talos Energy (TALO) to $12 from $15 and keeps an Outperform rating on the shares. Talos Energy has suffered from a lack of strategic clarity since the departure of founder and CEO Tim Duncan in August 2024, the analyst tells investors in a research note. Beyond strategic clarity, the stock must also navigate volatile global oil markets as a SMID cap, pure play on offshore conventional reserves, the firm says.
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