Raymond James Maintains Outperform on Hess, Lowers Price Target to $166
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst John Freeman has maintained an Outperform rating on Hess (NYSE:HES) but lowered the price target from $172 to $166.
July 24, 2023 | 2:17 pm
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Hess's price target has been lowered from $172 to $166 by Raymond James, although the Outperform rating is maintained.
While the lowering of the price target might be seen as a negative signal, the maintenance of the Outperform rating indicates that the analyst still sees potential upside for the stock. The impact on the stock price in the short term is likely to be neutral.
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