EF Hutton Maintains Buy on PEDEVCO, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
EF Hutton analyst Ignacio Bernaldez maintains a 'Buy' rating on PEDEVCO (AMEX:PED), but has lowered the price target from $2.75 to $2.5.
August 15, 2023 | 4:01 pm
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NEUTRAL IMPACT
EF Hutton maintains a 'Buy' rating on PEDEVCO but lowers the price target from $2.75 to $2.5.
The news is directly related to PEDEVCO and is likely to influence investor sentiment. While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential decrease in the expected return, which could have a neutral to slightly negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100