Jefferies Initiates Coverage On Parex Resources with Hold Rating, Announces Price Target of C$28.6
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Alejandro Demichelis has initiated coverage on Parex Resources (TSX:PXT) with a Hold rating and a price target of C$28.6.
September 21, 2023 | 9:51 am
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NEUTRAL IMPACT
Jefferies has initiated coverage on Parex Resources with a Hold rating and a price target of C$28.6. This could influence investor sentiment and potentially impact the stock's price.
Analyst ratings and price targets can significantly influence investor sentiment and trading behavior. A Hold rating suggests that the analyst believes the stock is fairly valued at current levels, while the price target indicates where they believe the stock will move in the future. This could lead to increased trading activity and potential price changes.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100