RBC Capital Maintains Sector Perform on Western Midstream, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Elvira Scotto has maintained a 'Sector Perform' rating on Western Midstream (NYSE:WES) and increased the price target from $27 to $28.
November 15, 2023 | 6:55 pm
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POSITIVE IMPACT
RBC Capital has reaffirmed Western Midstream's 'Sector Perform' rating and raised the price target from $27 to $28, indicating a positive outlook on the stock.
The increase in price target by RBC Capital suggests a positive sentiment towards Western Midstream's stock performance in the short term. As price targets often influence investor expectations and can lead to price movements, this revised target is likely to be viewed positively by the market, potentially leading to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100