Stephens & Co. Initiates Coverage On Granite Ridge Resources with Overweight Rating
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Mike Scialla has initiated coverage on Granite Ridge Resources (NYSE:GRNT) with an Overweight rating.
September 27, 2023 | 9:56 am
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POSITIVE IMPACT
Granite Ridge Resources has been given an Overweight rating by Stephens & Co., indicating a positive outlook for the stock.
Analyst ratings often influence the short-term price movement of stocks. An Overweight rating suggests that the analyst believes the stock will outperform its sector in the market, which could lead to an increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100