Coterra Energy downgraded to Neutral from Buy at Roth Capital
Roth Capital downgraded Coterra Energy (CTRA) from Buy to Neutral, lowering its price target to $28 from $30. The firm believes Coterra Energy is unlikely to receive a higher offer than Devon Energy's or from a competing bidder, largely due to its substantial enterprise value of $25 billion and the lack of interest from larger companies with Delaware Basin adjacency like ConocoPhilips, Chevron, and EOG Resources in a competitive bidding situation.
https://finance.yahoo.com/news/coterra-energy-downgraded-neutral-buy-134019250.html