KeyBanc Expresses Confidence in SM Energy’s (SM) $12.8B Merger With Civitas Resources

SM Energy Company (NYSE:SM) is one of the low priced stocks to buy with high upside potential. On December 10, KeyBanc lowered the firm’s price target on SM Energy to $28 from $36, while keeping an Overweight rating on the shares. This sentiment was driven by a newfound confidence in the Civitas Resources Inc. (NYSE:CIVI) merger. While Keybanc was initially skeptical of the deal, an analysis of the financial model and direct discussions with management have validated the merger’s strategic value. The fir ...