Expand Energy (EXE) Price Target Trimmed by $6 Amid Q1 Preview
Expand Energy Corporation (NASDAQ:EXE) is included among the 12 Most Undervalued Natural Gas Stocks to Buy Now.
Formed in 2024 by the merger of Chesapeake Energy Corporation and Southwestern Energy Company, Expand Energy Corporation (NASDAQ:EXE) operates as an independent natural gas production company in the United States.
On April 13, UBS lowered its price target on Expand Energy Corporation (NASDAQ:EXE) from $139 to $133, but maintained its ‘Buy’ rating on the shares. The reduced target, which still indicates an upside of over 38% from the current price levels, comes as the analyst firm updated the company’s model as part of a Q1 preview. According to UBS, EXE’s stock weakness has driven a faster buyback.
Similarly, earlier on April 7, BMO Capital analyst Phillip Jungwirth also trimmed the firm’s price target on Expand Energy Corporation (NASDAQ:EXE) from $125 to $120, while keeping an ‘Outperform’ rating on the shares.
With an upside potential of over 38% as of the writing of this piece, Expand Energy Corporation (NASDAQ:EXE) is included among the 15 Best American Energy Stocks to Buy According to Wall Street Analysts.
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