Stifel Maintains Buy on PHX Minerals, Raises Price Target to $5.7
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a Buy rating on PHX Minerals (NYSE:PHX) and increased the price target from $5.4 to $5.7.
November 27, 2023 | 6:08 pm
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Stifel analyst Derrick Whitfield maintains a Buy rating on PHX Minerals and raises the price target from $5.4 to $5.7, indicating a positive outlook on the stock.
The increase in price target by Stifel suggests a positive sentiment towards PHX Minerals' stock performance. Such an analyst action often leads to a short-term increase in stock price as it may influence investor perception and signal a stronger than previously anticipated financial outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100