Goldman Sachs Maintains Sell on Southwestern Energy, Raises Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Umang Choudhary maintains a Sell rating on Southwestern Energy (NYSE:SWN) and raises the price target from $5 to $5.5.

August 23, 2023 | 12:48 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Sell rating on Southwestern Energy and raises the price target from $5 to $5.5.
The news directly pertains to Southwestern Energy as Goldman Sachs maintains a Sell rating on the company. This suggests that the analyst believes the stock is likely to underperform in the future. However, the price target has been raised from $5 to $5.5, indicating a slightly more optimistic outlook than before. This could potentially limit the downside, but the overall sentiment remains negative, which is likely to put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100