Raymond James Maintains Outperform on Western Midstream, Lowers Price Target to $32
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst JR Weston has maintained an Outperform rating on Western Midstream (NYSE:WES) but lowered the price target from $34 to $32.
July 21, 2023 | 11:36 am
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Western Midstream's price target has been lowered from $34 to $32 by Raymond James, though the Outperform rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors. However, the maintenance of the Outperform rating indicates that the analyst still sees potential in the stock, which could balance out the initial negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100