Truist Securities Maintains Buy on Matador Resources, Lowers Price Target to $70
Portfolio Pulse from jenniferd'souza@benzinga.com
Truist Securities analyst Neal Dingmann has maintained a 'Buy' rating on Matador Resources (NYSE:MTDR) but lowered the price target from $72 to $70.
July 24, 2023 | 3:57 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Despite a lowered price target, Matador Resources maintains a 'Buy' rating from Truist Securities, indicating continued confidence in the company's performance.
The lowered price target might initially cause some investor concern, potentially leading to short-term volatility in the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100