Raymond James Maintains Strong Buy on EOG Resources, Lowers Price Target to $140
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst John Freeman has maintained a 'Strong Buy' rating on EOG Resources (NYSE:EOG), but lowered the price target from $150 to $140.
July 24, 2023 | 2:17 pm
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EOG Resources' price target has been lowered from $150 to $140 by Raymond James, though the 'Strong Buy' rating is maintained.
The lowering of the price target might create a short-term negative sentiment among investors. However, the maintained 'Strong Buy' rating indicates that the analyst still sees significant upside potential in the stock, which could offset the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100