Expand Energy Corporation (EXE) saw its shares plummet 5.05% during intraday trading on Monday, following downward revisions to its price target by major financial institutions.
The decline comes after UBS lowered its price target on the stock to $135 from $150 while maintaining a Buy rating. Similarly, Barclays adjusted its price target to $125 from $126, maintaining an Overweight rating on the shares.
These analyst actions typically influence market sentiment and can lead to increased selling pressure as investors reassess their valuation expectations for the company.
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