Mizuho Downgrades PDC Energy to Neutral, Lowers Price Target to $72
Portfolio Pulse from richadhand@benzinga.com
Mizuho analyst Nitin Kumar downgraded PDC Energy (NASDAQ:PDCE) from Buy to Neutral and lowered the price target from $93 to $72.

May 24, 2023 | 9:18 am
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PDC Energy (NASDAQ:PDCE) was downgraded from Buy to Neutral by Mizuho analyst Nitin Kumar, with a lowered price target of $72.
The downgrade from Buy to Neutral by Mizuho analyst Nitin Kumar and the lowering of the price target from $93 to $72 indicate a less optimistic outlook for PDC Energy's stock. This could lead to a short-term negative impact on the stock price as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100