Morgan Stanley Maintains Equal-Weight on Callon Petroleum, Raises Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin Ryan has maintained an Equal-Weight rating on Callon Petroleum (NYSE:CPE) and raised the price target from $40 to $41.
August 18, 2023 | 1:02 pm
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Morgan Stanley has maintained an Equal-Weight rating on Callon Petroleum and raised the price target from $40 to $41.
The news is directly related to Callon Petroleum (CPE). The maintained Equal-Weight rating indicates that Morgan Stanley believes the stock is fairly valued. However, the raised price target from $40 to $41 suggests a slightly more optimistic outlook, which could potentially have a positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100