UBS Initiates Coverage of Liberty Energy with Buy Recommendation, Analyst Price Forecast Suggests 4.73% Downside

UBS initiates coverage of Liberty Energy (LBRT) with a Buy recommendation. The average one-year price target for LBRT is $17.34/share, a decrease of 4.73% from its latest closing price of $18.20/share. The projected annual revenue for LBRT is $5,743MM, an increase of 46.84%. Institutional ownership of LBRT decreased by 0.71% to 212,952K shares in the last three months.