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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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.
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