Mizuho Maintains Neutral on Earthstone Energy, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains a Neutral rating on Earthstone Energy (NYSE:ESTE) and raises the price target from $19 to $22.

August 16, 2023 | 11:20 am
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NEUTRAL IMPACT
Mizuho maintains a Neutral rating on Earthstone Energy and raises the price target from $19 to $22.
The news is directly about Earthstone Energy. Mizuho's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $19 to $22 suggests a positive long-term outlook. This could potentially attract investors, but the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100