Stifel Maintains Buy on Permian Resources, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a Buy rating on Permian Resources (NYSE:PR) but has reduced the price target from $20 to $18.

November 30, 2023 | 8:02 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on Permian Resources but lowers the price target from $20 to $18.
While the reduction in price target could suggest a less optimistic valuation by Stifel, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. The mixed signals may lead to a neutral short-term impact on the stock price as the market digests both the positive rating and the lower target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100