Mizuho Bumps Magnolia Oil & Gas Target to $30 After Strong Quarter; Analysts Split Across Ratings
Mizuho increased its price target on Magnolia Oil & Gas Corp. (MGY) to $30.00 from $29.00 while keeping an Outperform rating, citing quarterly results that beat EBITDX consensus by roughly 2% thanks to lower cash costs and slightly stronger oil volumes. Other major brokers have also adjusted views, with upgrades from BofA Securities and Wells Fargo…