Capital One Downgrades Earthstone Energy to Equal-Weight, Announces $20 Price Target
Portfolio Pulse from Benzinga Newsdesk
Capital One analyst Brian Velie has downgraded Earthstone Energy (NYSE:ESTE) from Overweight to Equal-Weight and set a price target of $20.
September 12, 2023 | 1:20 pm
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Earthstone Energy has been downgraded by Capital One from Overweight to Equal-Weight, with a new price target of $20.
The downgrade from Overweight to Equal-Weight by Capital One indicates a less optimistic outlook for Earthstone Energy. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $20 also provides a benchmark for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100