Bernstein Downgrades EOG Resources to Market Perform, Lowers Price Target to $146
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Bob Brackett has downgraded EOG Resources (NYSE:EOG) from Outperform to Market Perform and lowered the price target from $155 to $146.
October 17, 2023 | 8:20 am
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NEGATIVE IMPACT
EOG Resources has been downgraded by Bernstein from Outperform to Market Perform, with a reduced price target of $146.
The downgrade from Bernstein, a reputable analyst firm, could negatively impact investor sentiment towards EOG Resources. The lowered price target suggests that Bernstein sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100