Raymond James Maintains Strong Buy on Kimbell Royalty Partners, Lowers Price Target to $20
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst John Freeman has maintained a 'Strong Buy' rating on Kimbell Royalty Partners (NYSE:KRP) but lowered the price target from $21 to $20.
July 07, 2023 | 8:14 am
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NEUTRAL IMPACT
Kimbell Royalty Partners' price target has been lowered from $21 to $20 by Raymond James, though the 'Strong Buy' rating is maintained.
The news is directly about Kimbell Royalty Partners (KRP). The lowering of the price target might have a negative impact on the stock price in the short term. However, the maintenance of the 'Strong Buy' rating indicates that the analyst still sees potential in the stock, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100