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.
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IMPORTANCE 75
RELEVANCE 100