Goldman Sachs Maintains Buy on Magnolia Oil & Gas, Lowers Price Target to $24.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Umang Choudhary maintains a Buy rating on Magnolia Oil & Gas (NYSE:MGY) but lowers the price target from $27.5 to $24.5.

June 14, 2023 | 1:05 pm
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NEUTRAL IMPACT
Goldman Sachs maintains Buy rating on Magnolia Oil & Gas (NYSE:MGY) but lowers the price target from $27.5 to $24.5.
Goldman Sachs' lowered price target on Magnolia Oil & Gas may cause some short-term uncertainty among investors, but the maintained Buy rating indicates that the analyst still believes in the company's potential for growth. The impact on the stock price is likely to be neutral in the short term as the lowered target is balanced by the continued positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100