Cheap Valuation Means SM Energy (SM) Still Has Upside After Downward Target Price Revisions

Group 1 - SM Energy Company (NYSE:SM) is recognized as one of the 10 Cheap Stocks with Huge Upside Potential, with a Buy rating reaffirmed by KeyBanc and a price target of $28 [1] - RBC Capital analyst Scott Hanold lowered the price target from $35 to $29 while maintaining a Hold rating, reflecting updated estimates after the fourth-quarter commodity mark-to-market analysis [1][2] - Mizuho Securities analyst William Janela maintained a Buy rating but reduced the price target from $38 to $34, indicating an 82% upside potential from current levels, attributed to a slower activity pace compared to previous assumptions [3] Group 2 - SM Energy operates as an independent energy company involved in the exploration, production, acquisition, and development of gas, oil, and natural gas liquids in Texas, founded in 1908 and based in Denver, Colorado [4]