APA Corporation shares are trading lower after Piper Sandler maintained a Neutral rating on the stock but lowered its price target from $48 to $42.
Portfolio Pulse from Benzinga Newsdesk
APA Corporation's stock is trading lower following Piper Sandler's decision to maintain a Neutral rating while reducing the price target from $48 to $42.
November 16, 2023 | 3:30 pm
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Piper Sandler maintained a Neutral rating on APA Corporation but lowered the price target from $48 to $42, leading to a decrease in the stock's trading price.
The reduction in the price target by Piper Sandler suggests a bearish outlook on the value of APA Corporation, which can lead to a decrease in investor confidence and a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100