RBC Capital Maintains Outperform on Matador Resources, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Scott Hanold has maintained an 'Outperform' rating on Matador Resources (NYSE:MTDR), but lowered the price target from $74 to $70.

July 12, 2023 | 3:27 pm
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NEUTRAL IMPACT
Matador Resources' price target has been lowered from $74 to $70 by RBC Capital, though the 'Outperform' rating is maintained.
The news is directly about Matador Resources and is likely to influence investor sentiment. The lowering of the price target might be seen as a negative signal, but the maintenance of the 'Outperform' rating suggests that RBC Capital still sees potential in the stock. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100