Bernstein Downgrades Hess to Market Perform, Lowers Price Target to $166
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Bob Brackett has downgraded Hess (NYSE:HES) from Outperform to Market Perform and lowered the price target from $189 to $166.
November 02, 2023 | 9:41 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Hess has been downgraded to Market Perform from Outperform by Bernstein, with a lowered price target of $166 from $189.
The downgrade from Outperform to Market Perform and the lowering of the price target by Bernstein analyst Bob Brackett could negatively impact Hess's stock price in the short term. Investors may interpret this as a sign of reduced confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100