Why SM Energy Stock Is Soaring Today
Shares of SM Energy (NYSE: SM) rallied more than 10% by 3:45 p.m. EST on Monday. Fueling the oil stock was an analyst upgrade.
An analyst from RBC Capital upgraded shares of SM Energy from sector perform to outperform. The analyst also gave it a $12 price target, up from the previous price target of $2.50 a share, which implies an additional 30% upside even after today's rally.
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Source Fool.com
