Raymond James Maintains Outperform on Vital Energy, Lowers Price Target to $54
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst John Freeman has maintained an 'Outperform' rating on Vital Energy (NYSE:VTLE) but lowered the price target from $68 to $54.
July 24, 2023 | 2:23 pm
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NEUTRAL IMPACT
Raymond James has maintained an 'Outperform' rating on VTLE but lowered the price target from $68 to $54.
The news is directly related to VTLE as the company's price target has been lowered by Raymond James. However, the 'Outperform' rating has been maintained, indicating that the analyst still expects the stock to do well. The impact on the stock price is neutral in the short term as the positive 'Outperform' rating balances the negative price target revision.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100