KeyBanc Expresses Confidence in SM Energy’s (SM) $12.8B Merger With Civitas Resources
SM Energy Company (NYSE:SM) is one of the low priced stocks to buy with high upside potential. On December 10, KeyBanc lowered the firm’s price target on SM Energy to 36, while keeping an Overweight rating on the shares. This sentiment was driven by a newfound confidence in the Civitas Resources Inc. (NYSE:CIVI) merger. While Keybanc was initially skeptical of the deal, an analysis of the financial model and direct discussions with management have validated the merger’s strategic value. The fir ...