Truist Securities Maintains Buy Rating for Southwestern Energy: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained its Buy rating for Southwestern Energy (NYSE:SWN) and increased its price target from $7.00 to $8.00. Despite this, Southwestern Energy's shares have fallen by 5.2% over the last 24 hours, trading at $5.65 per share. A move to $8.00 would represent a 41.6% increase from the current share price.
July 06, 2023 | 5:01 pm
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Despite Truist Securities maintaining a Buy rating and raising the price target for Southwestern Energy, the company's shares have fallen by 5.2% over the last 24 hours.
Truist Securities' decision to maintain a Buy rating and raise the price target for Southwestern Energy indicates a positive outlook for the company. However, the recent 5.2% drop in share price suggests that other market factors are influencing the stock's performance negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100