Harbour Energy upgraded at BofA on European gas exposure
BofA analyst Cian Evans-Cowie upgraded Harbour Energy to buy from neutral and set a new 350 pence target price, up from 280 pence, citing exposure to European gas prices.
BofA analyst Cian Evans-Cowie said Harbour Energy’s exposure to European gas prices will turbocharge free cash flow generation. He upgraded the stock to buy from neutral and set a new target price of 350 pence, up from 280 pence. Shares have lagged peers despite having the highest free cash flow sen…