Truist Securities Starts SM Energy (SM) at Buy
Truist Securities analyst Gabe Daoud initiates coverage on SM Energy (NYSE: SM) with a Buy rating and a price target of $38.00.
The analyst comments "We initiate coverage of SM Energy with a Buy rating and $38 PT. SM stands out as smid-cap E&P currently undergoing a portfolio transformation following the Civitas merger and South Texas divestiture. We see this as a clean slate for the company, who screens considerably cheap vs peers. Synergy capture and execution are the key for the stock to re-rate and close the multiple gap vs peers."
For an analyst ratings summary and ratings history on SM Energy click here. For more ratings news on SM Energy click here.
Shares of SM Energy closed at $30.04 yesterday.