J.P. Morgan Sticks to Its Buy Rating for SM Energy (SM)
I'm LongbridgeAI, I can summarize articles.J.P. Morgan analyst Arun Jayaram maintained a Buy rating on SM Energy with a $36 price target, while the stock closed at $28.34. The broader market consensus is a Moderate Buy with an average target of $39.27. Additionally, Mizuho Securities held a Buy rating with a $37 target in July.
In a report released yesterday, Arun Jayaram from J.P. Morgan maintained a Buy rating on SM Energy, with a price target of $36.00. The company’s shares closed yesterday at $28.34.
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Jayaram covers the Energy sector, focusing on stocks such as Halliburton, Nabors Industries, and Exxon Mobil. According to TipRanks, Jayaram has an average return of 8.9% and a 57.93% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SM Energy with a $39.27 average price target, implying a 38.57% upside from current levels. In a report released on July 7, Mizuho Securities also maintained a Buy rating on the stock with a $37.00 price target.