Talos Energy price target raised to $20 from $16 at Citi

Citi analyst Paul Diamond raised the firm’s price target on Talos Energy (TALO) to $20 from $16 and keeps a Buy rating on the shares. The firm updated small-cap exploration and production models to reflect higher oil and gas price forecasts. Citi believes oil weighted companies are showing “robust capital discipline and a strong focus on shareholder returns.”