Mizuho Maintains Buy on Magnolia Oil & Gas, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains a Buy rating on Magnolia Oil & Gas (NYSE:MGY) and lowers the price target from $29 to $28.
May 19, 2023 | 11:01 am
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Mizuho analyst Nitin Kumar maintains a Buy rating on Magnolia Oil & Gas (NYSE:MGY) and lowers the price target from $29 to $28.
The news of Mizuho maintaining a Buy rating on Magnolia Oil & Gas (NYSE:MGY) is positive for the stock. However, the lowering of the price target from $29 to $28 may have a neutralizing effect on the stock price in the short term, as it indicates a slightly reduced growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100