TD Cowen Downgrades Pioneer Natural Resources to Market Perform, Lowers Price Target to $256
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst David Deckelbaum has downgraded Pioneer Natural Resources (NYSE:PXD) from Outperform to Market Perform and lowered the price target from $280 to $256.
October 19, 2023 | 11:01 am
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NEGATIVE IMPACT
Pioneer Natural Resources has been downgraded by TD Cowen from Outperform to Market Perform, with a reduced price target of $256.
The downgrade from TD Cowen is likely to negatively impact the stock price of Pioneer Natural Resources in the short term. The lowered price target also indicates a less optimistic outlook for the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100