Truist Securities blanketed energy markets with fresh coverage today. Gabe Daoud initiated OXY Occidental at hold with a $65 target. The $39B oil producer grabbed neutral positioning as Iran war escalated crude volatility.
EXE Expand Energy earned a buy rating from Daoud with a $136 target. The $25B natural gas name stood out as the sole bullish call in the initiation wave. KMI Kinder Morgan landed at hold with a $38 target showing pipeline skepticism.
OKE ONEOK received hold coverage at $91. Truist demonstrated caution across midstream infrastructure despite oil spiking above $100 on Strait of Hormuz closure.
JP Morgan's Thomas Palmer delivered mixed agriculture signals. BG Bunge jumped to $134 target from $130 with a buy rating. ADM Archer-Daniels stayed at sell but target rose to $65 from $61. LW Lamb Weston absorbed a downgrade to hold with target slashed to $44 from $50.
Consensus targets drifted lower across defensive names. PGR Progressive fell to $232.76 from $232.81. XEL Xcel Energy dropped to $89.53 from $89.76.
Energy dominated today's analyst activity as geopolitical chaos reshaped sector positioning.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
