Truist Securities Maintains Buy on SilverBow Resources, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann has maintained a 'Buy' rating on SilverBow Resources (NYSE:SBOW), but lowered the price target from $59 to $55.

November 06, 2023 | 2:13 pm
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NEUTRAL IMPACT
SilverBow Resources' price target has been lowered from $59 to $55 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside in the stock, which could offset the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100