B of A Securities Initiates Coverage On Vital Energy with Underperform Rating, Announces Price Target of $48
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst John Abbott has initiated coverage on Vital Energy (NYSE:VTLE) with an Underperform rating and set a price target of $48.
December 08, 2023 | 12:16 pm
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NEGATIVE IMPACT
Vital Energy received an Underperform rating from B of A Securities with a price target of $48, indicating a bearish outlook from the analyst.
The initiation of coverage by a major analyst with an Underperform rating suggests a negative outlook for the stock, which could lead to a decrease in investor confidence and potentially a drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100