Truist Securities Maintains Hold on Pioneer Natural Resources, Lowers Price Target to $196
Portfolio Pulse from jenniferd'souza@benzinga.com
Truist Securities analyst Neal Dingmann has maintained a 'Hold' rating on Pioneer Natural Resources (NYSE:PXD) but lowered the price target from $220 to $196.
July 24, 2023 | 3:59 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Pioneer Natural Resources' price target has been lowered from $220 to $196 by Truist Securities, though the 'Hold' rating is maintained.
The lowering of the price target by Truist Securities indicates a less optimistic outlook for Pioneer Natural Resources, which could negatively impact the stock's price in the short term. However, the maintenance of the 'Hold' rating suggests that the analyst does not see a significant downside risk, which may limit the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100