JP Morgan Initiates Coverage On Denbury with Neutral Rating, Announces Price Target of $96
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst John Royall initiates coverage on Denbury (NYSE:DEN) with a Neutral rating and announces a price target of $96.

June 15, 2023 | 9:11 am
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JP Morgan initiates coverage on Denbury with a Neutral rating and a price target of $96.
JP Morgan's initiation of coverage on Denbury with a Neutral rating suggests that the stock is fairly valued at its current price. The announcement of a price target of $96 indicates the analyst's expectation of the stock's potential upside. This news may not have a significant short-term impact on the stock price, as the Neutral rating implies that the stock is neither overvalued nor undervalued.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100