Goldman Sachs Downgrades EOG Resources to Neutral, Lowers Price Target to $130
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Neil Mehta downgraded EOG Resources (NYSE:EOG) from Buy to Neutral and lowered the price target from $137 to $130.
June 13, 2023 | 9:14 am
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EOG Resources downgraded to Neutral by Goldman Sachs, with a reduced price target of $130.
Goldman Sachs' downgrade of EOG Resources from Buy to Neutral and the lowering of the price target from $137 to $130 indicates a less optimistic outlook for the stock. This could lead to a short-term negative impact on EOG's stock price as investors may adjust their positions based on the new rating and price target.
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IMPORTANCE 80
RELEVANCE 100