Morgan Stanley Downgrades EOG Resources to Equal-Weight, Announces $134 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott downgraded EOG Resources (NYSE:EOG) from Overweight to Equal-Weight and set a price target of $134.

December 11, 2023 | 11:56 am
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EOG Resources was downgraded by Morgan Stanley from Overweight to Equal-Weight with a price target of $134.
Downgrades by major analysts like Morgan Stanley can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target, while potentially lower than the current trading price, reflects the analyst's revised expectations for the stock's performance.
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