Reported 1 day ago
Roth Capital has downgraded Expand Energy Corporation (NASDAQ: EXE) from Buy to Neutral and reduced its price target from $125 to $98, citing concerns over natural gas oversupply in the U.S. This decision follows a broader adjustment affecting four natural gas stocks, as analysts predict that supply growth will outpace domestic demand, keeping prices from improving. Despite being listed as a top stock to buy by analysts, EXE's stock is down 6.55% year-to-date as of August 18.
Source: YAHOO