Keybanc Maintains Overweight on Sitio Royalties, Lowers Price Target to $33
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Tim Rezvan has maintained an Overweight rating on Sitio Royalties (NYSE:STR) but lowered the price target from $36 to $33.
August 14, 2023 | 8:23 am
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Sitio Royalties' price target has been lowered from $36 to $33 by Keybanc, though the Overweight rating is maintained.
The lowering of the price target by Keybanc indicates a potential decrease in the short-term value of Sitio Royalties' stock. However, the maintenance of the Overweight rating suggests that the stock is still expected to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100