Mizuho Maintains Buy on SM Energy, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains a Buy rating on SM Energy (NYSE:SM) but lowers the price target from $37 to $33.
May 19, 2023 | 11:02 am
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Mizuho analyst Nitin Kumar maintains a Buy rating on SM Energy but lowers the price target from $37 to $33.
The news indicates that Mizuho still has a positive outlook on SM Energy, maintaining a Buy rating. However, the lowered price target from $37 to $33 may cause some uncertainty among investors. The short-term impact on the stock price is expected to be neutral as the Buy rating is maintained, but the lowered price target may create some caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100