RBC Capital Maintains Outperform on Callon Petroleum, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Scott Hanold has maintained an Outperform rating on Callon Petroleum (NYSE:CPE) but has reduced the price target from $50 to $42.
November 22, 2023 | 3:29 pm
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RBC Capital analyst reaffirms Outperform rating on Callon Petroleum but lowers price target from $50 to $42.
The reduction in price target by RBC Capital could lead to a negative perception among investors, potentially causing a short-term decline in the stock price of Callon Petroleum. However, the maintenance of the Outperform rating suggests that the analyst still sees positive fundamentals in the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100