BMO Capital Markets raises Matador Resources price target to $78, exceeding earnings expectations.

BMO Capital Markets has increased its price target for Matador Resources (NYSE: MTDR) from $75 to $78, while maintaining an outperform rating. Other firms like Truist and TD Cowen also adjusted their targets, with an average consensus price of $75.85. Matador reported earnings of $2.05 per share, exceeding expectations, and its stock opened at $55.03. Analysts generally rate the company as a "Moderate Buy."

October 08, 2024
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