RBC Capital Maintains Outperform on Northern Oil & Gas, Lowers Price Target to $42
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Scott Hanold has maintained an 'Outperform' rating on Northern Oil & Gas (NYSE:NOG), but lowered the price target from $45 to $42.
July 11, 2023 | 12:24 pm
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NEUTRAL IMPACT
Northern Oil & Gas's price target has been lowered from $45 to $42 by RBC Capital, though the 'Outperform' rating is maintained.
The news is directly about Northern Oil & Gas (NOG). The lowering of the price target might indicate a slightly less optimistic outlook for the company's stock, but the maintenance of the 'Outperform' rating suggests that the analyst still expects the stock to do well overall. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100