Truist Securities Maintains Sell on HighPeak Energy, Raises Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Neal Dingmann maintains a 'Sell' rating on HighPeak Energy (NASDAQ:HPK) and raises the price target from $6 to $8.
July 20, 2023 | 2:28 pm
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Truist Securities maintains a 'Sell' rating on HighPeak Energy and raises the price target from $6 to $8.
The 'Sell' rating maintained by Truist Securities indicates a negative outlook for HighPeak Energy. However, the increase in price target from $6 to $8 suggests that the analyst sees some potential for the stock's price to rise in the future, despite the overall negative rating. This mixed signal could lead to uncertainty and potential short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100