Evercore ISI Group Downgrades Vitesse Energy to Neutral, Raises Price Target to $25
Portfolio Pulse from richadhand@benzinga.com
Evercore ISI Group analyst Stephen Richardson downgraded Vitesse Energy (NYSE:VTS) from Outperform to Neutral and raised the price target from $22 to $25.

June 05, 2023 | 11:45 am
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Vitesse Energy (NYSE:VTS) was downgraded from Outperform to Neutral by Evercore ISI Group analyst Stephen Richardson, who also raised the price target from $22 to $25.
The downgrade to Neutral suggests that the analyst believes Vitesse Energy's stock performance will be in line with the market, while the raised price target indicates an expectation of potential upside. The short-term impact on the stock price is likely to be neutral as the downgrade and price target increase offset each other.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100