Mizuho Maintains Buy Rating for Coterra Energy: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mizuho has maintained its Buy rating for Coterra Energy (NYSE:CTRA) and raised its price target to $42.00, a 52.64% increase from the current share price. Coterra Energy's shares are currently trading down 1.38% at $27.52 per share. Coterra is an independent exploration and production company with operations in Appalachia, the Permian Basin, and Oklahoma.
September 19, 2023 | 5:00 pm
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Mizuho has maintained its Buy rating for Coterra Energy and raised its price target, indicating a positive outlook for the company. However, the company's shares are currently trading down.
The maintained Buy rating and increased price target from Mizuho indicates a positive outlook for Coterra Energy. This could potentially attract investors and drive up the stock price in the short term. However, the current trading down of the company's shares might indicate market factors or sentiments not fully aligned with the analyst's view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100