Liberty Energy Inc (LBRT) PT Raised to $15 at TD Cowen

TD Cowen analyst Marc Bianchi raised the price target on Liberty Energy Inc (NYSE: LBRT) to $15.00 (from $10.00) while maintaining a Hold rating.

The analyst comments "Following the market's reaction to LBRT's (and others') power capacity expansion plans, we attempt to value the power business across SEI, LBRT and PUMP. We used this methodology to inform our updated LBRT target of $15, which gives LBRT credit for ~70% of SEI's power market value."

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