RBC Capital Maintains Outperform on Chord Energy, Lowers Price Target to $180
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Scott Hanold has maintained an 'Outperform' rating on Chord Energy (NASDAQ:CHRD), but lowered the price target from $185 to $180.
July 17, 2023 | 1:44 pm
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Chord Energy's price target has been lowered by RBC Capital from $185 to $180, though the 'Outperform' rating is maintained.
While the lowering of the price target might initially seem negative, the maintenance of the 'Outperform' rating indicates that RBC Capital still sees potential in Chord Energy. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100