UPDATE: Topeka Initiates Coverage on SM Energy with Hold Rating on RNAV Upside

In a report published Wednesday, Topeka Capital Markets analyst Gabriele Sorbara initiated coverage on SM Energy Co. (NYSE: SM ) with a Hold rating and $62.00 price target. In the report, Sorbara noted, “While the SM story is attractive on an EV/EBITDA basis and there is RNAV upside, we believe