Citigroup Maintains Buy on Chord Energy, Lowers Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Diamond maintains a Buy rating on Chord Energy (NASDAQ:CHRD) but lowers the price target from $170 to $165.
May 22, 2023 | 10:59 am
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Citigroup maintains Buy rating on Chord Energy (NASDAQ:CHRD) but lowers price target from $170 to $165.
The news of Citigroup maintaining a Buy rating on Chord Energy is positive for the stock, indicating that the analyst still believes in the company's potential. However, the lowering of the price target from $170 to $165 may create some uncertainty among investors, potentially offsetting the positive sentiment. Overall, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100