Wall Street Upgrades SM Energy: KeyBanc Sees Crude Selloff as Entry Point

KeyBanc raised its price target on SM Energy (NYSE:SM) to $39 from $29, a $10 (≈34%) increase, while maintaining an Overweight rating. The analyst upgrade is a clear vote of confidence that may spur near-term investor interest and upward pressure on the stock.

Analysis

KeyBanc raised its price target on SM Energy (NYSE:SM) to $39 from $29, a $10 (≈34%) increase, while maintaining an Overweight rating. The analyst upgrade is a clear vote of confidence that may spur near-term investor interest and upward pressure on the stock.