Stifel Downgrades Denbury to Hold, Lowers Price Target to $86
Portfolio Pulse from richadhand@benzinga.com
Stifel analyst Nate Pendleton has downgraded Denbury (NYSE:DEN) from Buy to Hold and lowered the price target from $140 to $86.
July 24, 2023 | 11:16 am
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Denbury's rating has been downgraded from Buy to Hold by Stifel, with a lowered price target of $86.
The downgrade from Buy to Hold indicates a less optimistic outlook for Denbury's stock. The lowered price target from $140 to $86 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100