Raymond James Maintains Strong Buy on Pioneer Natural Resources, Lowers Price Target to $265
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst John Freeman has maintained a 'Strong Buy' rating on Pioneer Natural Resources (NYSE:PXD), but lowered the price target from $268 to $265.
July 24, 2023 | 2:21 pm
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NEUTRAL IMPACT
Despite a lowered price target, Pioneer Natural Resources maintains a 'Strong Buy' rating from Raymond James, indicating continued confidence in the company's performance.
The lowered price target might initially seem negative, but the maintained 'Strong Buy' rating indicates that Raymond James still has high confidence in Pioneer Natural Resources. This could potentially neutralize any negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100