** Brokerage Raymond James raises price target on oil and gas producer APA Corp APA.O to $28 from $26, maintains "outperform" rating

** The new target implies a 29.6% upside to the stock’s last close

** Brokerage says the higher PT reflects an improved free cash flow outlook from the impact of the One Big Beautiful Bill Act (OBBBA) on cash taxes and higher estimated savings

** Raymond James believes APA is positioning itself as a capital‑efficient exploration and production company, with long‑term upside from its Permian and Egypt assets and growth potential in Suriname.

** 5 of thirty brokerages rate the stock "buy" or higher, twenty "hold" and 5 "sell"; their median PT is $23 - data compiled by LSEG

** Up to last close, APA down 6.2% YTD

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))