Truist Securities Maintains Buy Rating for Permian Resources: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained its Buy rating for Permian Resources (NYSE:PR) and increased its price target from $16.00 to $18.00. The shares of Permian Resources are currently trading up 2.54% at $13.52 per share. A move to $18.00 would account for a 33.19% increase from the current share price.
August 22, 2023 | 5:00 pm
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Truist Securities has maintained its Buy rating for Permian Resources and raised its price target. This could potentially lead to a positive impact on the company's stock price.
Analyst ratings and price targets can significantly influence investor sentiment and trading behavior. The maintained Buy rating and increased price target by Truist Securities indicates a positive outlook for Permian Resources, which could potentially lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100