Mizuho Maintains Underperform on Vital Energy, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains an 'Underperform' rating on Vital Energy (NYSE:VTLE) and raises the price target from $54 to $63.
August 16, 2023 | 11:21 am
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Mizuho maintains an 'Underperform' rating on Vital Energy but raises the price target from $54 to $63.
The 'Underperform' rating suggests that Mizuho expects VTLE's stock to do worse than the market average. However, the raised price target indicates a higher valuation for the company, which could potentially attract investors. The net impact is likely negative in the short term due to the 'Underperform' rating.
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IMPORTANCE 80
RELEVANCE 100