BUZZ-Wells Fargo raises PT on SM Energy

Reuters11-20
BUZZ-Wells Fargo raises PT on <a href="https://laohu8.com/S/SM">SM Energy</a>

** Wells Fargo raises price target on U.S.-based oil and gas firm SM Energy SM.N to $47 from $43 after co beat third-quarter profit estimates on Oct. 31

** New price target represents a 7% upside to the stock's last close

** Raises PT as "SM delivered solid Q3 results and positive updates on Klondike well initial results"

** "However, post Q3 update, uncertainties linger around SM's go-forward outlook/capital allocation and the pace of Uinta business integration, keeping us on the sidelines" - brokerage adds

** 10 of 15 brokerages rate the stock "buy" or higher, 5 "hold"; their median PT is $51 - data compiled by LSEG

** As of last close, stock is up 13.35% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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