Raymond James Maintains Strong Buy on Northern Oil & Gas, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Freeman has maintained a Strong Buy rating on Northern Oil & Gas (NYSE:NOG) but reduced the price target from $55 to $51.
November 22, 2023 | 12:26 pm
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NEUTRAL IMPACT
Northern Oil & Gas's Strong Buy rating is maintained by Raymond James, although the price target has been lowered from $55 to $51.
The maintenance of a Strong Buy rating suggests continued confidence in the company's fundamentals, while the price target reduction may reflect adjustments in market conditions or company valuation metrics. The impact is likely neutral to slightly negative in the short term as the market digests the implications of the price target change.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100