Chord Energy price target lowered to $99 from $101 at Jefferies

Group 1 - Jefferies has lowered the price target on Chord Energy (CHRD) to $99 from $101 while maintaining a Hold rating on the shares [1] - The firm anticipates an improvement in the company's capital efficiency due to a softening service environment [1] - This improvement is expected to drive capital expenditures (capex) to exceed consensus estimates in 2026 [1]