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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100