Keybanc Downgrades Denbury to Sector Weight
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Tim Rezvan has downgraded Denbury (NYSE:DEN) from Overweight to Sector Weight.
August 17, 2023 | 8:26 am
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Denbury's stock rating has been downgraded from Overweight to Sector Weight by Keybanc analyst Tim Rezvan.
Analyst ratings often influence the short-term price of a stock. A downgrade from Overweight to Sector Weight suggests that the analyst believes the stock may perform in line with the average return of the sectors they cover over the next 12 months. This could potentially lead to a decrease in the stock's price as investors adjust their expectations.
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