Stifel Downgrades Pioneer Natural Resources to Hold, Lowers Price Target to $258
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has downgraded Pioneer Natural Resources (NYSE:PXD) from Buy to Hold and lowered the price target from $281 to $258.
October 23, 2023 | 9:54 am
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NEGATIVE IMPACT
Pioneer Natural Resources has been downgraded from Buy to Hold by Stifel, with a lowered price target of $258.
The downgrade from Buy to Hold indicates a less optimistic outlook for the company's stock, which could lead to a decrease in demand and potentially a lower stock price. The lowered price target also suggests that the analyst believes the stock is currently overvalued, which could further discourage investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100