Jefferies Downgrades Denbury to Hold, Announces $91 Price Target
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Lloyd Byrne has downgraded Denbury (NYSE:DEN) from Buy to Hold and set a price target of $91.
August 28, 2023 | 8:50 am
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Jefferies has downgraded Denbury from Buy to Hold, potentially impacting the stock's short-term performance.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for Denbury's stock. This could lead to a decrease in demand for the stock, potentially causing its price to drop in the short term. The price target of $91 provides a benchmark for investors, but the downgrade may overshadow this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100