Citigroup Upgrades Coterra Energy to Buy, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber has upgraded Coterra Energy (NYSE:CTRA) from Neutral to Buy and increased the price target from $28 to $30.
December 11, 2023 | 1:47 pm
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POSITIVE IMPACT
Citigroup upgraded Coterra Energy to Buy and raised the price target to $30, indicating a positive outlook on the company's stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or potential for the company. The increase in price target further reinforces the positive sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100