Northland Capital Markets Downgrades Vitesse Energy to Market Perform, Raises Price Target to $24
Portfolio Pulse from richadhand@benzinga.com
Northland Capital Markets has downgraded Vitesse Energy (NYSE:VTS) from Outperform to Market Perform, while raising the price target from $23 to $24.
August 09, 2023 | 12:39 pm
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Vitesse Energy has been downgraded by Northland Capital Markets, but the price target has been raised.
The downgrade from Outperform to Market Perform suggests that the analyst believes the stock may not outperform the market in the near future. However, the increase in price target from $23 to $24 indicates a positive outlook on the company's value. This mixed signal could lead to neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100