Capital One Downgrades Pioneer Natural Resources to Equal-Weight, Announces $253 Price Target
Portfolio Pulse from Benzinga Newsdesk
Capital One analyst Phillips Johnston has downgraded Pioneer Natural Resources (NYSE:PXD) from Overweight to Equal-Weight and set a price target of $253.
October 12, 2023 | 5:51 pm
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Pioneer Natural Resources has been downgraded by Capital One from Overweight to Equal-Weight, with a new price target of $253.
The downgrade from Overweight to Equal-Weight by Capital One indicates a less optimistic outlook for Pioneer Natural Resources. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $253 also provides a benchmark for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100