Goldman Sachs Maintains Neutral on APA, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Neil Mehta maintains a Neutral rating on APA Corporation (NASDAQ:APA) and lowers the price target from $40 to $35.
June 14, 2023 | 1:03 pm
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NEUTRAL IMPACT
Goldman Sachs analyst Neil Mehta maintains a Neutral rating on APA Corporation and lowers the price target from $40 to $35.
Goldman Sachs' decision to maintain a Neutral rating on APA Corporation indicates that the analyst does not see significant upside or downside potential in the short term. However, the lowering of the price target from $40 to $35 suggests that the analyst has revised their expectations for the stock's performance, which could lead to some market reaction. The impact on the stock price is expected to be neutral in the short term, as the rating remains unchanged.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100