Truist Securities Maintains Buy on Chord Energy, Lowers Price Target to $221
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann has maintained a 'Buy' rating on Chord Energy (NASDAQ:CHRD) but lowered the price target from $247 to $221.

July 24, 2023 | 12:01 pm
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NEUTRAL IMPACT
Chord Energy's price target has been lowered from $247 to $221 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100