Morgan Stanley Maintains Underweight on Pioneer Natural Resources, Raises Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an 'Underweight' rating on Pioneer Natural Resources (NYSE:PXD) and raised the price target from $219 to $230.
August 18, 2023 | 1:49 pm
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Morgan Stanley has maintained an 'Underweight' rating on Pioneer Natural Resources and raised the price target, which could potentially impact the stock's performance.
The 'Underweight' rating suggests that Morgan Stanley expects PXD's performance to be below average. However, the raised price target indicates a slightly more positive outlook. The impact on the stock's performance will depend on how investors interpret these mixed signals.
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